I still owe on a fha home that foreclosed upon, can i still obtain financing on another home mortgage loan?

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8 Comments
  1. Reply
    togashiyokuni2001
    February 9, 2011 at 3:50 am

    That depends on how long ago the forclosure was. Usually, it’s a good idea to wait 2 years from your forclosure date.

  2. Reply
    shipps2007
    February 9, 2011 at 4:04 am

    Probably not. Why would you buy another house if you just got foreclosed on? Sounds like you need to rent for awhile so you can get back on your feet. Good luck.

  3. Reply
    Martin S
    February 9, 2011 at 4:33 am

    I may be able to help. We may be able to do this. Contact me whenever possible.

    513-860-2940 ext 10

    msmith@premierloangroup.com

    Martin Smith

  4. Reply
    javy
    February 9, 2011 at 5:07 am

    If you do you are gonna have an interest rate from hell

  5. Reply
    Todd S
    February 9, 2011 at 5:55 am

    Honestly, your credit score is probably shot, and along with that, most lenders want the previous foreclosure discharged. They also tend to want some time to pass, usually 2-4 years after the foreclosure was discharged.

    You may be able to attain financing, but things have tightened up quite a bit in the last year as subprime companies continue to get hammered for offering risky loan programs.

    Even if you do find financing, you’ll be paying through your teeth, so be careful and think things through before you go through with it.

    Learn more at http://www.thetruthaboutmortgage.com

  6. Reply
    m2
    February 9, 2011 at 6:31 am

    could be done…………

    don’t recommend it……..
    but……..seen it……

  7. Reply
    Amber J
    February 9, 2011 at 7:24 am

    It can be done. I’ve seen it done. I’ve helped someone do it. Send me an e-mail and I will help you out. I currently work for a 16 year old mortgage lender/broker. That means if we can’t give you a loan that we work with over 300 lenders so we will find you the loan program that works for YOU. Send me an e-mail and we can get started.

  8. Reply
    gobankingrates
    February 9, 2011 at 7:32 am

    Over at GoBankingRate.com, we love your images. We especially like this one and have used it to illustrate an article about No-Appraisal Refinancing

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