Home Buying in Arlington>Question Details

Wanttobuy, Home Buyer in Arlington, AZ

i have a deed in lieu of forclosure from 2 years ago, it finalized a year ago, we would like to purchase a forclosure we have 10,000.00 down, the

Asked by Wanttobuy, Arlington, AZ Mon Feb 15, 2010

home we found is only 52000, is there a possiblity of getting financed?

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Answers

1
There is always a possibility. I would run my credit scores from the 3 bureaus and after I had that information call several mortgage lenders who specialize in credit challenged mortgages. Give them your scores and also discuss your current income and current debt situation. Upon discussion with more than one lender you will be able to determine your odds of being able to qualify.

Best of Luck,

Jeff Melancon
0 votes Thank Flag Link Mon Feb 15, 2010
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