Posted on: 07th Aug, 2009 07:19 pm
if you did a deed in lieu of foreclosure how soon will you be able to purchase a home?
I woudl say atleast 3 - 4 years
You will have to wait for 3-4 years in order to get a mortgage in your name after you go for a deed in lieu of foreclosure. You may try to get a mortgage before that but in such case, the lender would charge you a high interest rate.
Hi credithungry,
DIL will be shown on yuor credit report along wilth late payment nots.
you need to wait for another 2-3 yrs. you can use this period to improve your credit score.
if you try it early, lender will charge higher interest rates to you.
DIL will be shown on yuor credit report along wilth late payment nots.
you need to wait for another 2-3 yrs. you can use this period to improve your credit score.
if you try it early, lender will charge higher interest rates to you.