We want to buy a house but we had a house foreclose 8yrs ago. Is there any goverment program that can help us restart on a new home?

Asked by Omar, Sunland Park, NM Wed Mar 30, 2011

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Elizabeth Russo’s answer
Elizabeth Ru…, Agent, Walnut Creek, CA
Thu Mar 31, 2011
Hello again Omar, You should be able to buy a home with out any problems because the foreclosure shouldn't have any standing on your credit. If you do run into problems, you could go FHA. I personally would just walk into the loan office and ask to be prequalified for a purchase money loan. You are past the 7 year mark and everything should be good on your part. Good luck - This is a wonderful time to buy.
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