you must restore your credit.
Ask your lender
Ask your lender.
Yes, you can. If you show good credit worthiness after foreclosure. Usually two years after. With at least 3 new accounts and with 1 account with a credit limit above $3,000.00.
It depends on who you're asking for a loan. But, maybe.
Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}
Ask your lender
Ask your lender.
Yes, you can. If you show good credit worthiness after foreclosure. Usually two years after. With at least 3 new accounts and with 1 account with a credit limit above $3,000.00.
Yes. Note that your credit score would be adversely affected.
It depends on who you're asking for a loan. But, maybe.
Never.....
Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}
No. The bank owns the house after foreclosure. But your credit report will take years to fix. Good luck.
If you nave all cash to pay for the foreclosure, and you are not trying to finance any part of the cost of it, then yes you can.
3 years
Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html
Yes, unless you bargain for a deed in lieu of foreclosure, Basic- if bank forcloses, its on your record.