Posted on: 29th Mar, 2009 02:54 am
My home was foreclosed on 2 years ago and I am seeking to buy a home now. Do you know who I can try to get financing through? I was told by one person not for 3 years, and another in 2 years with an extenuating circumstance. My circumstance was a divorce. Can I qualify?
Hi prissyjulsbergh,
In order to get a mortgage after foreclosure, you'll have to wait for 3-4 years. It would not be possible for you to get a mortgage before that. In case, you get a mortgage, you would be charged higher interest rates.
In order to get a mortgage after foreclosure, you'll have to wait for 3-4 years. It would not be possible for you to get a mortgage before that. In case, you get a mortgage, you would be charged higher interest rates.