0
In the process of having your home foreclosed upon, your credit rating probably took a beating. You can try to buy another house immediately, but you will probably have trouble finding a bank to loan you the money. You can buy as soon as you find a lender.
More information
Currently most financing is through HUD- and has to follow FHA guidelines. The reason most people are getting FHA financing is that they allow you to purchase a home with only 3.5% down, while most other lenders require 10% or more. In any case you can purchase a home through HUD 3 yrs after you have foreclosed. Other lenders can do it sooner but you will need a nice chunk down- 20% plus.
Wiki User
∙ 11y ago
Wiki User
∙ 12y agoIf you had an FHA insured home, you will have to wait for three years after the mortgage company claimed their refund.
Add your answer:
Earn +20 pts
What can be done after a foreclosure sale?
you could buy another house or sue the people and ask why are they doing this
How long after foreclosure can you buy a house but your credit score are more than 740?
Ask your lender
How soon can you buy a house with cash after foreclosure?
Never.....
Can you buy another house and let the one you are in go through foreclosure?
Yes. Note that your credit score would be adversely affected.
Can you buy a house if you have a foreclosure on your credit?
you must restore your credit.
How soon after foreclosure and sale can you buy a house?
3 years
Do you get the best deal by buying a house at a foreclosure auction?
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
How soon can you buy another home after foreclosure?
3 years
What is the best recommended foreclosure website?
There are agencies who can help you to stop foreclosure. I have saved my house from foreclosure and if you have a foreclosure property then those agencies will buy it at a great price. For foreclosure guide you can visit myprgenie.com you will get stop foreclosure guide by 2brothers real estate
What are the release dates for House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy?
House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy was released on: USA: 8 December 2010
Why is it bad to buy a foreclosed house?
No,a foreclosure house is quite risky and you should not buy it . if you are looking to boy a house there are some Homes for sale in Montgomery, AL
How long after foreclosure can you buy another home?
Depends on how long it takes you to raise your credit score back to an 'excellent' rating and save enough money for a down payment.
