Posted on: 22nd Aug, 2009 01:24 pm
We had a foreclosure in may 2007.
We have no debt and credit score above 700.
To purchase a house, we offer to pay cash 60% and were looking to finance 40%.
We are told that we cannot qualify for mortgage even with a large down payment as the foreclosure is not three years old, is tis correct??
We have no debt and credit score above 700.
To purchase a house, we offer to pay cash 60% and were looking to finance 40%.
We are told that we cannot qualify for mortgage even with a large down payment as the foreclosure is not three years old, is tis correct??
Please check your other post
http://www.mortgagefit.com/know-how/about26606.html#115852
http://www.mortgagefit.com/know-how/about26606.html#115852