I have a foreclosure, can I still buy a house?

Two years ago I had a foreclosure, my income has increased and the reason for the delinquency on my prior loan was due to complications in my pregancy that put me on disability for six months. We are living in a rental but the landlord was using our rent money to pay the mortgage on his personal home and now the hose we live in is foreclosing. There are many houses in our area selling for dirt cheap, I’m talking like k-5. Do I have a chance to buy another house?

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9 thoughts on “I have a foreclosure, can I still buy a house?”

  1. Since we are trying to do this now and we’ll have an answer on ours on Monday, this is what I can tell you. It must be at least 3 years before a lender will lend to you. I’m sorry, you can double check, but that is what we were told as there is one on our credit.

  2. As far as I know when your home get foreclosed on, you credit will go bad. If you live in California and this happens, then you can’t purchase a home for six years only if you are getting a loan.

    However, if you are buying cash that is another story. You can buy a house at will. 🙂

  3. When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.


    With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.

  4. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peterson and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

  5. Are you frustrated in life? you think all is lost? No hope from any where? Well i have a good news for you all today, is a privillage that you met the right person. I’m a well known Man which every one knew me to be. My name is Micheal Lancer, i am money lender i assist people financially, because i think enough of all these bankrupt and montages I’m hearing. i want to prove my self to everyone at there. That not everybody are equal.
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  6. Hello Everybody,

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  7. I usually do not create many remarks, but i did a few searching and wound up here I have a foreclosure, can I still buy a house?
    | Real Estate For Fun And Profit. And I actually do have a couple of questions for you if it’s allright. Is it just me or does it look as if like some of these responses come across like they are coming from brain dead individuals? 😛 And, if you are posting on additional online social sites, I’d like to follow everything
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