Hi there
Good for you for making positive strides to repair your credit - it does take time!
It is frustrating to see homes go to foreclosure and realize your rent is more than a mortgage on a home - but do remember that home expenses are much more than a simple mortgage payment - there are numerous upkeep expenses too.
With that in mind, credit scores typically need to be in the mid 600's - why not contact a lender and make sure you are on the right track to boost your credit? Sometimes there are tings you can do that will give you a faster boost (like using and paying off a credit card.) If you want the name of a great lender, let me know.
Claire-Anne Aikman SRES
Carpenter Realtors
317.345.6640... more
Overall, I think If people buy right they tend to make money. If they spend too much they tend to lose money. In my experience everything is that way, real estate or otherwise.
Confer with an attorney however everything is based on terms of agreement signed by all parties
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com... more
It really varies but its usually 3 months. I have seen people behind for much longer even over a year and they still had not gotten a foreclosure notice. Don't count on that though it doesn't happen often. You really need to set down with a Realtor and or an Attorney and discuss your options. Its better to know what to expect and come out with the least amount of damage. Good luck.... more