I did a deed in lieu on my home and I want to purchase a new home with a credit score of 513 can i do that

Asked by Rock, Columbus, OH Sat Sep 6, 2008

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Yvonne Cousar, Agent, Round Rock, TX
Sat Sep 6, 2008
Good Morning Rock........ The best advice I can give you is to work on your credit for the next year or so, and then seek the advice of a reputable mortgage broker to guide you through the process of being able to qualify to buy another home. If you owe any other debts, pay them off. Put yourself on a budget and stick to it. You did not indicate how long ago you did the deed in lieu of foreclosure or why it was necessary, but your best bet is to stablize your finances before attempting to purchase another home.

Yvonne Baker, Real Estate Consultant
Web Reference:  http://www.YvonneBaker.com
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