Posted on: 15th Apr, 2010 03:48 pm
How long do i have to wait to buy a home after deed in lieu. I signed a deed in lieu back in December of 2007. I had to do it because of job change to another state.
Now, I am making 250000 a year and my credit score is 718. Quick response will be appreciated..
Now, I am making 250000 a year and my credit score is 718. Quick response will be appreciated..
Hi nabeela!
Welcome to forums!
You will have to wait for 3-4 years after a deed in lieu of foreclosure in order to get a mortgage. As you've a good credit score, I would suggest you to contact few lenders and check out if you would be able to get a loan. However, I feel that though you get a mortgage, you may have to pay a higher interest rate.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You will have to wait for 3-4 years after a deed in lieu of foreclosure in order to get a mortgage. As you've a good credit score, I would suggest you to contact few lenders and check out if you would be able to get a loan. However, I feel that though you get a mortgage, you may have to pay a higher interest rate.
Feel free to ask if you've further queries.
Sussane
My firm gets potential home buyers information out to numerous lenders and we would be happy to help you please visit www.americanmortgagemarketing.com/1249 to get started.
Best Wishes
P.G. Taylor
Best Wishes
P.G. Taylor