If your home is foreclosed you won't be able to qualify for Fannie Mae and Freddie Mac for a least 5 to 7 years. Just so you know that this two company are the reason why majority of the home went in foreclosures. Save up enough cash and paid for the rest. Thanks to them!
I will be a hearing on Tuesday, 10/23 for a Strict Foreclosure. Once granted, how long will I have to get out of the home?
Yes. And you may be able to buy it without a co-signer.
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.
Foreclosure.
Ask your lender
I will be a hearing on Tuesday, 10/23 for a Strict Foreclosure. Once granted, how long will I have to get out of the home?
3 years
Yes. And you may be able to buy it without a co-signer.
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.
House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy was released on: USA: 8 December 2010
It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
If our home is in foreclosure,and never reaffirmed the debt through chapter 7-how will it affect us getting a home?
Ask your lender
Normaly your credit history will be damaged for 7 years.
I don't know anything about this but i don't see why not she wouldn't be able to!.Do what it do!
Foreclosure.
Unfortunately there is no specific answer. There are many things that are factored in. It will depend on if foreclosure was the only negative thing on their credit, did they file file bankruptcy, what is your current situation, etc. It all varies from situation to situation. Your best bet is to ask an experienced bankruptcy attorney who understands foreclosure and your rights.