Home Buying in 94589>Question Details

Johnnyd67, Home Buyer in 94589

I lost a home to foreclosure about 1.5 yrs ago, bad loan, poor judgement on my side. Can I purchase another?

Asked by Johnnyd67, 94589 Tue Jun 9, 2009

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Answers

2
Probably not yet, but for an accurate answer why not visit any qualified loan officer and follow his/her advice.

Anna
0 votes Thank Flag Link Tue Jun 9, 2009
Johnny-
A foreclosure will remain on your credit report for 7 years. I would recommend working on your credit score and saving for a subtantial deposit. Consult a trusted financial advisor at the bank you would like to use for a mortagage. Hopefully this will help you plan ahead for the purchase of your next home.
Wishing you the best of luck!
0 votes Thank Flag Link Tue Jun 9, 2009
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