I had a foreclosure in 2/2011 in AZ. I now live in TX. My foreclosure was an FHA loan. Can I qualify now before 3 complete years?

Asked by Tammy Stone, New Braunfels, TX Thu Jul 25, 2013

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3
Roy Bush, Both Buyer And Seller, Phoenix, AZ
Sun Jul 28, 2013
I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. I introduced a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again.
0 votes
Lisa OSulliv…, Agent, Bulverde, TX
Fri Jul 26, 2013
Usually 7-10 years after foreclosure ... my suggestion is to try to find an owner finance home to purchase. They usually require a substantial amount down and a much higher interest rate w/ a balloon payoff - but worth a try. Thanks!!
0 votes
Tommy Burris, Mortgage Broker Or Lender, Baton Rouge, LA
Thu Jul 25, 2013
Not without extenuating circumstances.
Lost job and divorce and stuff like that are NOT extenuating circumstances.



Tom Burris
Mortgage Banker
http://www.servicefirstmckinney.com/
(214) 763-4629 cell/text/nights/weekends(Really!!)
tburris@servicefirstmtg.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
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