Home Buying in 32244>Question Details

Lydia, Other/Just Looking in 32065

How long after having a foreclosure could you buy a house?

Asked by Lydia, 32065 Mon Jun 22, 2009

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Answers

3
You can count on at least 3-5 years based on the new FHA guidelines, but that's if you are proactive in reviving your credit and seeking credit counsel, otherwise you could be looking at a much longer time period. If you haven't been foreclosed on yet, I would strongly suggest a short sale and would be glad to speak to you about your options. We can stop the foreclosure now.

Talk to you soon,

Tom Rineberg
Foreclosure Specialists
Certified Short Sale Agent
904-338-4837
Tom@Jaxbuyrentsell.com
0 votes Thank Flag Link Tue Jun 23, 2009
To purchase with a FHA loan you must be 3 years out from your foreclosure date to purchase a new home!

Let me know if you have further questions,

Lindsey Bishop :-)
0 votes Thank Flag Link Tue Jun 23, 2009
Hi,

You are talking at least 7 years, up to 10. That is why the short sale is so popular. Now you are to one at the least and probably 2.

Regards,
Blaine Rabe
904-874-0814
Web Reference: http://www.blainerabe.com
0 votes Thank Flag Link Tue Jun 23, 2009
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