Posted on: 15th Jun, 2011 01:14 pm
I was told I had to wait 3 years from when someone took over the mortgage which was June 09, not the actual foreclosure date which is April 2008. Do I have to wait the full 3 years or can I look to purchase a home in 30 months. My credit scores are good.
If you had a foreclosure closed in April 08, then you would be ok right now, as its been 3 years. You would have to have 3 established trade lines for 12 mos minimum and you would need to have stable, verifiable income covering last 2 years. What state are you looking to purchase?
Hi Rainy,
You will have to wait for 3 years after the foreclosure had taken place and then apply for a mortgage. As 3 years have already passed, you should contact the local lenders and apply for a mortgage.
Thanks
You will have to wait for 3 years after the foreclosure had taken place and then apply for a mortgage. As 3 years have already passed, you should contact the local lenders and apply for a mortgage.
Thanks
