Answer by Jorge Vega
You need to speak with a loan officer regarding this. Try speaking with two or three different banks. If you need referrals feel free to contact me. Jorge Vega 773-627-7608
View ArticleAnswer by Matt Bukovy
Spice, Your friend can buy as soon as he wants, if he pays cash. If he wants to qualify for a mortgage, he'll have to wait at least two years for a VA loan, 3 years for an FHA loan, or 4 years (if he's...
View ArticleAnswer by John Potter
He can clean up his credit by paying back what he owes for the foreclosure.
View ArticleAnswer by David Hanna
Your friend has to allow for some time to establish his credit, and depending on the circumstances of the loan, a wait of at least two years and probably longer before he can buy again, unless he is a...
View ArticleAnswer by Ivan Sagel
How long ago was the foreclosure? It might be possible to get a pre-approval now or in the near future. Contact me for some lender referrals. Best of luck, Ivan Sagel 312.515.7823 Ivan@atproperties.com
View ArticleAnswer by Bill J Deligiannis
#1: Have your "friend" speak to a lender #2: He can buy anything he wants for CASH #3: As per the foreclosure, it depends on how long ago it happened. After a few years he should be able to qualify...
View ArticleAnswer by Peter Kedzior
Some banks, including Citizens/Charter One Bank may be able to get your friend approved for an FHA mortgage as quickly as 2 years after the foreclosure. Each situation is a bit different so the best...
View ArticleAnswer by Carl Ben Witzig
Fannie Mae rules are 2 -years after forreclosure a borrower may jump back in. But as you might expect, someone may loan money for a price. Be careful.
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