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Asked by Cynthia_brown_60615, Chicago, IL Tue Jan 29, 2013

This question was removed by its author.

Answers

6
, ,
Wed Jan 30, 2013
Absolutely not. Put yourself in the lender's shoes. If you can put 60% down on a new purchase, and can easily afford the monthly payments, yet are in FORECLOSURE on another house, what you're telling ANY potential lender out there is that you are the type of person who borrows money and doesn't pay it back, even though you're able to.
1 vote
Randall Lanc…, Agent, Chicago, IL
Wed Jan 30, 2013
Cynthia,

I am a CDPE, (Certified Distressed Property Expert). I would first like you to visit my website at http://www.idealhomesinchicagoland.com. Please go to the STOP FORECLOSURE tab, and view some information that I have out there. I have lenders that work with people with less than perfect credit. But feel free to call me at anytime, there may be a way I can help you. Every circumstance is different, however, I am committed to help homeowners that are in distress.
0 votes
Matt Laricy, Agent, Chicago, IL
Wed Jan 30, 2013
This doesnt sound like you would be able to, but I would call a lender up to check it out.
0 votes
Bill J Delig…, Agent, Naperville, IL
Wed Jan 30, 2013
The Foreclosure is a No Go. Everything else is great!
Web Reference:  http://www.bjdloans.com
0 votes
Jorge Vega, Agent, Chicago, IL
Wed Jan 30, 2013
Why don't you give a mortgage lender a call. This one sounds tough but only an expert in the field can help you out. If you need recommendations feel free to give us a call. Thanks and good luck!


Jorge Vega
Newman Realty
jorge@newmanrealtyillinois.com
0 votes
Riccardo War…, Agent, Bolingbrook, IL
Wed Jan 30, 2013
Hi Cynthia. You cannot do this loan with any traditional lender because of that foreclosure. There MAY be a hard money lender out there that will do it. Give me a call and I can put some feelers out there but this will be a long shot. Good luck!


Sean Cochran
Quality Mortgage Lending
http://www.qmlending.com
630-330-2229 cell
630-470-6830 office
0 votes
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