Foreclosures Discussion Archive 1

What about no-qual?

Posted by Sean Wagle on April 19, 2002 at 01:34:36:

In Reply to: Foreclosure WILL affect you for years to come posted by Reinstatement Services, Inc. on April 18, 2002 at 11:44:41:

Can't someone with terrible credit always no-qual? (25% down, loan with no questions asked).

Maybe someone who went through foreclosure isn't likely to make enough spare income to sock away 25% down for the future. But if you get rid of the big house payment (well, that's gonna happen anyway) and share an apartment with somebody for a few years, who knows? Follow Ups:


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