How long after foreclosure does it take before you can buy again? Jay Brinkmann, chief economist for the Mortgage Bankers Association says that “It could be well over seven or eight years before walkaways are able to obtain a mortgage to buy a home again.”
For those that have either had a short sale, the time frame to qualify to buy another home can be considerably less. We encourage those home owners that are facing a foreclosure, to weigh all of their options, especially the short sale alternative.
After foreclosure: How long until you can buy again? « Rightways's …
After foreclosure: How long until you can buy again? May 28, 2010 — rightways. NEW YORK (CNNMoney.com) — Walking away from a mortgage you can still afford to pay has consequences; everyone knows that. Your credit score is shot and it …
Publish Date: 05/28/2010 3:49
http://rightways.wordpress.com/2010/05/28/after-foreclosure-how-long-until-you-can-buy-again/