You were discharged in bankruptcy 3 years ago and now foreclosure is next --will the foreclosure stop us from getting a mortgage?

In most cases, your poor use of credit over the last few years will prevent you from getting a traditional mortgage through a bank or loan brokerage.

The only real exception to this is if you have a substantial amount of money to put down. Upwards of 35-40% as a down payment may be required for you to qualify for a mortgage within the next two to three years.