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Foreclosure in Mira Mesa : Real Estate Advice

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Wed Feb 6, 2013
Daniel Lehman answered:
Guys,

Fico is one thing... But there are SPECIFIC guidelines that relate to foreclosure... And there is no range in terms of timeline, these are very well established guidelines, and pretty cut and dry...

Again, Foreclosure is 7 years conventional, 3 years FHA, and 2 years VA... Meaning, you have to wait these time periods before you do these types of loans...

Obviously a foreclosure can affect your credit, but that is a whole different issue. The foreclosure guidelines are the ones that I stated above in this post, and below in the previous one...

D
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