Hi Char Naki:
Interesting how realtors in NY and NJ feel the need to be so abrupt with a person asking a question about Arizona...
If these issues are within the past few years, the answer is "probably not". Jose raises an alternative, with seller financing, as your chances of getting "traditional" financing--i.e., Fannie Mae or Freddie Mac, FHA or VA--are not good within 2-3 years of the foreclosure being completed. The tax liens will need to be cleared up if that could threaten the lender's clear title to your property or your ability to repay the loan.
That is a large sum for rent, so considering buying a home with today's low prices and low interest rates does make sense, contrary to Debra's comments, so hang in there; clean up your issues; and, you will be eligible before you know it. Feel free to contact me off forum should you have additional questions.
Bill Parker, Loan Officer
AZ Lic# 09011570
CPA--Licensed, no longer practicing
GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter