Foreclosure in 91792 : Real Estate Advice

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Roy Bush, Both Buyer and Seller in Phoenix, AZ
Roy Bush answered:
House was foreclosed over 3 years ago but 2nd mortgage lender sold the loan and I keep getting statements showing that I still owe it
CFS Mortgage,, has a flexible loan program. They allow a mortgage after a foreclosure, short sale, or chapter 7 bankruptcy. There is only a six month waiting peri ... more
0 votes Share Flag Sat Jul 27, 2013 Foreclosure in 91792
Luis Sequeira, Real Estate Pro in Covina, CA
Luis Sequeira answered:
what are the chances of buying again after a foreclosure? Waiting period?
Per one on the mortgage lenders I use here are the
Wait Times for diferrent scenarios and financing options


Conventional: 5 to 7 years
FHA: 3 years

Short Sale
... more
0 votes Share Flag Wed Apr 4, 2012 Foreclosure in 91792
Robert Chome…, Other/Just Looking in San Diego, CA
Robert Chomentowski answered:
when a house has been foreclosed, what happens with the 2nd mortgage? Will they get paid a % when the bank sells the property?
If the house sells at trustee auction to an investor and the investor pays above the 1st lien amount the 2nd will get some money. If no investor buys the house and it goes back to the ... more
0 votes Share Flag Mon Feb 13, 2012 Foreclosure in 91792
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