When Can You Buy Real Estate After Foreclosure?
Posted by Bill Mann on
If you lost your Lewes Beach home due to foreclosure, you probably haven't given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow  you an opportunity to buy that new home sooner than you think. Â
There are a few guidelines that lenders follow to determine when you’ll qualify for financing after foreclosure. Arming yourself with this information may help you qualify again for a mortgage.
Foreclosure With Extenuating Circumstances
Generally, lenders will take into consideration any extenuating circumstances surrounding the foreclosure on your Delaware real estate.Â
Was there a death or illness that prevented you from earning money to pay your mortgage? Did you have a job transfer that…
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