Foreclosure in 78130>Question Details

Tammy Stone, Home Buyer in New Braunfels, TX

I had a foreclosure in 2/2011 in AZ. I now live in TX. My foreclosure was an FHA loan. Can I qualify now before 3 complete years?

Asked by Tammy Stone, New Braunfels, TX Thu Jul 25, 2013

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3
Roy Bush’s answer
I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. I introduced a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again.
0 votes Thank Flag Link Sun Jul 28, 2013
Usually 7-10 years after foreclosure ... my suggestion is to try to find an owner finance home to purchase. They usually require a substantial amount down and a much higher interest rate w/ a balloon payoff - but worth a try. Thanks!!
0 votes Thank Flag Link Fri Jul 26, 2013
Not without extenuating circumstances.
Lost job and divorce and stuff like that are NOT extenuating circumstances.



Tom Burris
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0 votes Thank Flag Link Thu Jul 25, 2013
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