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
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
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