can i rebuy my fourclesed home?

Asked by Rhonda Mahan, 62286 Fri Mar 28, 2008

the bank has my home listed with a realtor after the fourclouser he said i buy it back if i can find someone to finance it but they wont i need down payment assistant and a someone to accect a low credit score in order to remain in my home of 12 yrs

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Don Tepper, Agent, Burke, VA
Sat Mar 29, 2008
The advice you received was correct. You can buy it back if you can find someone to finance it. However, it'll be very, very difficult to find someone to finance the purchase after you went through a foreclosure. And a lender will also wonder: "If Rhonda couldn't afford the house before her foreclosure, how will she be able to afford it now?"

Best thing to do is move on. Find a place to rent. It'll be painful, but it's necessary.
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