It is possible, cash purchase, or substantial change in your ability to pay which would make the bank think you are a good credit risk. This could be in the amount of time since your foreclosure and maybe you have proved through repayment of another loan that things have changed since the foreclosure. Amount of time since foreclosure, repayment history, amount of credit, amount of debt are all items considered in your credit report which then gives you a score and the bank or mortgage company uses this to determine what kind of loan (rate and terms) you will get if any. All of this being said it is NOT easy especially in today's market.
A foreclosure will typically remain on your credit report for seven years.
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.
The foreclosure will be on your credit report indefinitely.
how many points dose foreclosure decrease your credit score
Usually a foreclosure will lower a person's credit score by 250 points, and sometimes by as many as 280 points. The foreclosure stays on a person's credit report for seven years.
You can assume the debt in the purchase but in doing so it is wise to use this as a bargaining tool in the purchase. That is if the credit card debt is not the reason for the foreclosure. If it is, it will be dissolved in the purchase and will no longer be a factor. Y-THINK-Y
A foreclosure will typically remain on your credit report for seven years.
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.
The foreclosure will be on your credit report indefinitely.
Deed in lieu of foreclosure is not nearly as devastating to your credit as is a full foreclosure. Below is an article about the pros and cons of deed in lieu.
A foreclosure will typically remain on your credit report for seven years.
how many points dose foreclosure decrease your credit score
Usually a foreclosure will lower a person's credit score by 250 points, and sometimes by as many as 280 points. The foreclosure stays on a person's credit report for seven years.
You don't. If any website requests your credit card account number close your browser and forget about that website unless you are knowingly making a purchase and the website is secure.Look for foreclosure information at official state or federal websites.You don't. If any website requests your credit card account number close your browser and forget about that website unless you are knowingly making a purchase and the website is secure.Look for foreclosure information at official state or federal websites.You don't. If any website requests your credit card account number close your browser and forget about that website unless you are knowingly making a purchase and the website is secure.Look for foreclosure information at official state or federal websites.You don't. If any website requests your credit card account number close your browser and forget about that website unless you are knowingly making a purchase and the website is secure.Look for foreclosure information at official state or federal websites.
You will not lose your general contractor license or your real estate license if you have foreclosure on your credit report. A foreclosure or bad credit is not a disqualification for these types of licenses.
A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.
you must restore your credit.