I have a foreclosure from divorce 4 years ago. Home was bought out of foreclosure 3.5 years ago. Credit is 600 middle fico. Can i buy a homepafh home?

Asked by Brian Miller, Southfield, MI Sun Feb 24, 2013

I have a foreclosure from divorce 4 years ago. Home was bought out of foreclosure 3.5 years ago. Credit is 600 middle fico. Can i buy a homepafh home?

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3
Russ Ravary, Agent, Commerce Township, MI
Sat Mar 9, 2013
600 middle fico is not going to get you a conventional loan. Though there are some lenders out there that will go so low
0 votes
Charlene Joh…, Agent, Southfield, MI
Sun Feb 24, 2013
Good Evening Mr. Miller,

My name is Charlene Johnson and I take it from your question that you will need financing, MSHDA has a program that you may qualify for that can benefit you greatly. Please call me or send me an email and I will forward you the information.

Thank you,

Charlene Johnson, Realtor
Conquest Real Estate Group
16250 Northland Drive, Suite 202
Southfield, MI 48075
(248) 569-1486 - Office
(248) 595-8966 - Fax
(313) 574-7633 - Cell
cjohn3615@gmail.com
0 votes
Mark Mergener, Agent, Farmington Hills, MI
Sun Feb 24, 2013
You may be in good shape! I believe the foreclosure stigma leaves you after 3 years. Mid 600 FICA should suffice as well. The best way to confirm this is to talk with a competent loan officer. We at Real Estate One have just such people working in our offices through our John Adams Mortgage division. A 5 minute phone call with one of these loan officers will get your answer. Give me a call and I will put you in touch with them.
Best wishes!
Mark Mergener
Cell (248) 935-0335
0 votes
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