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| *Ostroff, Fair and Company>>>Renting & Real Estate |
I Filed Bankruptcy Over 7 Years Ago, Will Any Lender Extend A Mortgage? |
I let my house go and filed bankruptcy when I got ill and my ex flew off on her broom b/c she didn't want to "deal" with it. I have been since been renting and establishing my former good credit back and my FICO score is nearly 700 now.. I am wanting to find of all things a foreclosed home and try to "start over". Is there lenders out there that will even look at me for a mortgage now? Absolutely, as long as you have a good credit history since and have repaid obligations on time. Go for it!! Now's the best time to buy a house, it's a buyer's market!! Source(s): I am a top realtor in the Midwest! why don't you just call the company You shouldn't have any problems as long as your bills are all current and you have a steady work history. in today's market they are a little leery since foreclosures are going thru the roof. but your score is pretty good so i would say absolutely you will get a loan. Your credit rating has really bounced back, so you should be OK. You only have 3 years before you actually have the forclosure fall off though and that will really help your interest rate. It just depends on what you want to settle for. You could go with an ARM (adjustable rate mortgage) and probably by the time the forclosure falls off it will be time to refinance to avoid the balloon. Good Luck! Yes. Usually they don't want to see a bankruptcy for the last four years. |
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