Buying after foreclosure

Posted by Mark on September 07, 2005 at 19:36:14:

A career in the tech field put us out of work when the 'bubble' burst (almost 2 years with no work), so we had to walk away from it all - Ch.7 w/foreclosure on the house.

The good news is that we're back on our feet and wanting to buy a house, again. I was curious as to what we can/can't do? Our credit score is considered 'middle of the road', car payments are a-ok and on time, etc. We're speaking with a lender that specializes in this area, and he's thrown some things out - 80/20 loan, fiananced up to 95%, etc. He also mentioned that it's dependent on how far out the foreclosure was finalized, which it's been almost two years. What should we watch out for? Any advice? Anyone in Colorado gone through this recently?

Any help appreciated.

Follow Ups:

• Re: Buying after foreclosure - Barbara Irish 07:46:06 09/19/05 (0)

Name    : 
E-Mail  : 
Subject : 

Comments:
: A career in the tech field put us out of work when the 'bubble' burst (almost 2 years with no work), so we had to walk away from it all - Ch.7 w/foreclosure on the house.

: The good news is that we're back on our feet and wanting to buy a house, again. I was curious as to what we can/can't do? Our credit score is considered 'middle of the road', car payments are a-ok and on time, etc. We're speaking with a lender that specializes in this area, and he's thrown some things out - 80/20 loan, fiananced up to 95%, etc. He also mentioned that it's dependent on how far out the foreclosure was finalized, which it's been almost two years. What should we watch out for? Any advice? Anyone in Colorado gone through this recently?

: Any help appreciated. 


Optional Link URL : 
Link Title        : 
Optional Image URL: