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There are lenders out there that will do a mortgage one day after forclosure. But if it is under 3 years you will have to get a sub-prime loan which has higher rates than a regular loan.
If it is has been 3 years and you have been paying all you bills on time you shouldn't have a problem getting a loan.
Yes 3 years is the magical number for foreclosures but keep in mind that you still have to rebuild your credit. There are minimum fico score requirements to purchase a property.
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Can you re-fi your primary home after losing an investment property to forclosure?
Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.
How long do you have to own a home before you can sale it?
3-4 yearsAnother AnswerAs soon as you have clear title to the house, even with a mortgage -- as soon as the purchase is closed -- you can sell the home.
where are tax forclosure or tax leins in this area?
it depends up on your area, there are so many tax forclosure or tax leins.
Will a deed in lieu of foreclosure appear on your credit report?
From what I have gathered so far, a forclosure is the worst thing for your credit next to bankruptcy, and a deed in lieu is just better than a forclosure.
What does foreclosure redeemed mean?
forclosure redeemed means that in the process of the mtg company forclosing on a property, the property owner was able to pay off the full amount due, therefore stoping the forclosure process
What is the generic way to avoid forclosure?
The generic way to avoid forclosure is to refinance or get an additional loan float to keep the home from forclosure. This allows the individuals to maintain in their homes as well as allows the banks to receive a higher yield, versus the forclosure amounts.
Can you re-fi your primary home after losing an investment property to forclosure?
Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.
How will a va forclosure effect my credit?
I think it is safe to say that a forclosure of any type will destroy your credit worthiness. A home lone should be the last possible thing you let slide.
Exhusband he signed quick claim he is the primary loan holder but the house is in forclosure?
we just got divorced and he gave me the home but it is in forclosure if i fax qick claim to mortage company will they have to start process over
Is it illegal for the refrigerator to be removed if a house is in forclosure?
Typically the contents of a home are not considered a part of it. It could be removed.
How long do you have to vacate your home after foreclosure in Georgia?
In Georgia, homeowners typically have about 30 days to vacate their home after a foreclosure sale. It's important to check the specific timeline outlined in the foreclosure notice received from the lender to understand the exact timeframe.
How long do you have to own a home before you can sale it?
3-4 yearsAnother AnswerAs soon as you have clear title to the house, even with a mortgage -- as soon as the purchase is closed -- you can sell the home.
How do you know if you would get a deficiency judgment on your forclosure. Do they go after pension or social security?
Can there be a deficiency judgment on a mortgage forclosure in virginia?
where are tax forclosure or tax leins in this area?
it depends up on your area, there are so many tax forclosure or tax leins.
Where can I purchase closet doors?
You can purchase closet doors at any local hardware store such as home depot or lowes. That is unfortunate this happened so soon to you moving in to a new house.
How do I find a grant to help purchase a home for me and my 5 boys before the place I am living is sold due to the pre-forclosure that was just brought against the owner?
The best way to find grants are to search the net and find state londs that can help you and have a very low intrest rate.
if you're currently facing forclosure can you still apply for a VA loan to either save your current home, or purchase a new one.?
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