After Foreclosure question

Posted by Wendy on August 25, 2005 at 15:12:23:

I recently tried to buy a car and was denied because on the credit report it just showing the foreclosure as still open. The car dealer said that since it is still open, they couldn't get us approved for a loan, which is fine.
My questions is how long after the foreclosure will the mortgage company come back and try and get the defiency and how can I tell how much that will be? I read on this board that people are already getting loans for homes 6 months after foreclosure, don't they owe a deficiency as well? I am in Colorado, Western Slope.
I have also heard that the house has sold. Our redemption period was over in May of '05.
An information would be helpful.
Thanks!
Wendy

Follow Ups:

• Re: After Foreclosure question - M-MN 16:07:30 08/25/05 (0)

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Comments:
: I recently tried to buy a car and was denied because on the credit report it just showing the foreclosure as still open. The car dealer said that since it is still open, they couldn't get us approved for a loan, which is fine.
: My questions is how long after the foreclosure will the mortgage company come back and try and get the defiency and how can I tell how much that will be? I read on this board that people are already getting loans for homes 6 months after foreclosure, don't they owe a deficiency as well? I am in Colorado, Western Slope. 
: I have also heard that the house has sold. Our redemption period was over in May of '05. 
: An information would be helpful.
: Thanks!
: Wendy


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