You may not be able to buy in the near future, but really....who cares?!!! There are plenty of beautiful and affordable homes all throughout the Inland Empire that you can rent even with a poor credit history like yours.
Renting has lots of benefits! You do not have to deal with the frustration of getting a mortgage loan. You are not tied down to a property that will probably start to lose value as soon as you purchase it. You are not financially responsible for repairs and you don't have to worry about needing a large down payment, property taxes, homeowners insurance and all of the other expenses that come along with homeownership.
My company http://www.renttoday.us has lots of homes available in Rancho Cucamonga, Upland, Ontario and surrounding cities and we work with people just like you every single day. Take a moment to check out our site and see if there are any rental homes you are interested. If so, you can apply right on-line for free! Great, right? And we get new stuff every single day from real estate investors, people moving out of the area, banks, and REO portfolio holders who are looking for great tenants.
If you have any questions, please do not hesitate to call our offices at 888.927.7266.
Mia Melle, Broker
Renttoday.us | West Coast Property Specialists, Inc.
It was an expensive lesson/experience learned. We all make mistakes & pay for it at some point, so don't feel too bad & let's move on and be more cautious with your next purchase.
Of course you can buy a home again in due time depending on the date of foreclosure.I need more info. as to what are your needs , criteria , affordability to pay & credit history. My contact information is enclosed if you need my assistance.
H & A Realty
302 S.Milliken Ave.Ste.E3
I sympathize with your situation. Are you sure you were on the deed? Have you checked to see if the foreclosure judgment went against you both? If not, then it would be a good idea to do that first.
Also, technically, if your name was on the deed, though you might never have been a home buyer you were a home owner. For purchasing purposes you are considered a first time buyer if you have not purchased, sold or owned a home for three years. So, about the time that your credit situation improves other opportunities in the form of first time buyer programs will open up for you as well.
I would counsel you not to use any of the so called "credit repair" services to speed the process as most will only cost you money and won't be able to do anything legally for you that you could not do for yourself.
There are some wonderful books out there that give clear, concise step-by-step information on how one goes about cleaning up one's credit.
I am based here in the Claremont/Upland area and would be happy to help you in any way that I can. Please feel free to contact me so that we can sit down and see what options might be available to you now and to get a game plan for the future.
Take care and have a wonderful day!
Tisza Major-Posner, Realtor, I.V.P.G. (909) 837-8922