Posted on: 31st Mar, 2009 08:18 am
I have a question concerning forclosure and the ability to buy a house again down the road.
If you have this on your credit, how long will it be assuming that you have maintained payments on all other debts, before loan institutions will approve you for a loan on property?
If you have this on your credit, how long will it be assuming that you have maintained payments on all other debts, before loan institutions will approve you for a loan on property?
you'd have a minimum of 4 years to wait. that, of course, presumes that you will, in the meantime, reestablish a good credit record with other creditors. of course, that could simply mean maintaining a good record with the non-mortgage creditors you currently have.