I lost a home to foreclosure about 1.5 yrs ago, bad loan, poor judgement on my side. Can I purchase another?

Asked by Johnnyd67, 94589 Tue Jun 9, 2009

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Jake Johnson, , Melville, NY
Wed Jun 17, 2009
FHA requires 3 years unless you had an amazing excuse for losing the home. My name is Jake Johnson and you can contact me at jjohnson@lendamerica.com.
0 votes
Hannah Flieg…, Agent, Larkspur, CA
Sat Jun 13, 2009
Hi Friend,

You can finance a new home purchase 36 months after a foreclosure. If you go to the Fannie mae or Freddie Mac websites you can look under lending guidelines and confirm this for yourself. You might try a rent to own or lease option program to get back into homeownership faster. I offer credit repair services and have a 74% success rate in removing foreclosures off credit reports. I will also provide you with my FREE book to assist you with some credit score boosting strategies for you to begin to rebuild your credit rating. Good luck
0 votes
Dana Schuster, Agent, Slidell, LA
Tue Jun 9, 2009
Unfortunately,after foreclosure,you will have to wait 5-7 years before you can purchase again.
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