Well things are looking allot better now and we are looking into buying a home hopefully within the next year.Our foreclosure has still not dropped of our credit and i was told that we could possibly request that they drop the foreclosure of our credit. Has anyone else been succesful with this or even heard of this?
Answer by HotMama330 at 11:27 AM on Nov. 18, 2010
Answer by Anonymous at 2:22 PM on Nov. 18, 2010
I doubt they will drop it off your report. If you have a good down payment (20 percent) and the right income to afford a home you will likely get a loan. The interest rate might not be that good without paying points. I would wait until you do have 20 percent to put down, have at least 5k in a rainy day fund for home repairs and a years worth of living expenses in savings. It might take you longer but better to wait a couple more years and get into a home you actually can afford and not go through a foreclosure again.
Answer by Anonymous at 12:44 PM on Nov. 18, 2010
Answer by m-avi at 10:27 AM on Nov. 18, 2010
Answer by tasches at 5:46 PM on Nov. 18, 2010