can i possibly buy a house this year after bankcruptcy discharge and foreclosure 10 months ago.?
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FIRST ANSWER
If you buy with cash, yes. You likely won’t be able to apply for new credit until your credit history has some time to recover.
A foreclosure is a negative and it stays on the credit reports for 7 years; bankruptcy 10 years.
I suggest you to contact a local non-profit credit counseling organization to devise a plan with you so you can begin to take steps to rehabilitate your credit history so that in months, more likely years, down the road you can obtain the credit you want.
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Answered Wed Jul 15 2009, 18:51 by Mary Ann Lipsey in 77373
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