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can i get a home loan after a forcloseure

i file bankrupcy in 2008, but my lender never forclosed on the home untill 2010. i have a credit score of 675 can i get a home loan now if my caviers wont clear? by prtydr_216_633 from Katy, Texas. Jan 24th 2012 Reply


Linda Miller (Linda Miller)
#2 ranked lender in Utah - 572 contributions

Unfortunately you will not be able to get a loan from a traditional lender for 3 years (FHA) after the foreclosure - but I would find a reputable mortgage advisor and realtor in your area and see if there are any local loan programs or seller financing type of properties available.

Jan 24th 2012
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Nathan Rufty (nathan.rufty)
#527 ranked lender in California - 63 contributions

Katy, it will be 3 years from the date that your previous deed of trust came out of your name, check the title records and see what that was, that is the date we will use to determine when the 3 years for FHA is up. Conventional is 2 to 7 years depending the reason for the foreclosure.

Jan 25th 2012
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James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions

The fact that you made reference to CAIVRS tells us that you pursued an FHA insured home loan. The waiting period generally speaking to get a new FHA insured home loan requires 3 years from the date that the home transferred back to the bank and/or deed transferred to new owner. If you had an insurance claim against HUD, then CAIVRS will tell you the exact date as to which the claim was filed. From that date the soonest you can apply for an FHA insured home loan is 3 years and 1 day.

Jan 25th 2012
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Sorry, as everyone has stated, you will not be able to get a loan right now and the length of time you will have to wait will depend on if you want to get a FHA or a conventional loan. All the best!

Jan 25th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

For conventioal guidelines, its 2 years from the date the property transfered out of your name with extenuating circumstances and 10% down. For FHA it's 3 years. WilliamAcres.com

Jan 25th 2012
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

You will be required to wait three years and one day before you will qualify for a new FHA loan. The clock starts the day the old bank recorded the Foreclosure Deed taking title from you. There are some conventional lenders that will consider a new loan in as little as 2 years with extenuating circumstances and larger down payments. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Jan 25th 2012
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HI KATHY I'M IN YOUR SAME SITUATION AND I WAS JUST WONDERING IF YOU WERE ABLE GET A LOAN? TALISHIYA@HOTMAIL.COM

Nov 23rd 2012
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nope still waiting there are lender that will waste your time and tell you everything looks good but bottom line you will have to wait too i called fha they said march 2014

Nov 23rd 2012
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