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Sheryl, Home Buyer in 43212

would it be difficult to get a loan for a forclosure with less than perfect credit?

Asked by Sheryl, 43212 Wed Feb 6, 2008

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0 votes Thank Flag Link Mon Feb 11, 2008

Probably....remember the bank is in a foreclosure situation because they extended credit to a party that is defaulting. Since the bank is probably going to lose money on the foreclosure, it's highly unlikely they will take the chance of losing even more money by making risky loans.

However there is something you can do..........fix your credit! Contact a credit consultant who can evaluate your personal situation and come up with a plan that will help you to change things over time.
0 votes Thank Flag Link Thu Feb 7, 2008
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