Lost Your Home to a Foreclosure? When Can You Buy Again?Posted by Jen Dollar on
The circumstances were not good for you a few months or years ago. You lost your home to a foreclosure. The lender forced the foreclosure because you didn't make payments on your loan or the taxing authority auctioned your home off. You feel overwhelmed and frustrated by the entire process. Perhaps you've moved in with someone else or you've been renting since then. Nevertheless, you still want to buy a home. When can you do so? Will a lender even let you consider buying a home again?
Don't give up just yet. The fact that you had a foreclosure is important, but it doesn't mean you will never own a home again. It does mean you'll have to work harder at obtaining a loan and getting a low interest rate. Nevertheless, for many people who have gone…
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