[crazygurl18]

for a house if my first house was foreclosure in 2008? In 2008, I brought a house but later couldn't afford it. So I gave it to bank. after that, I lived with my sister.. with no credit card or loans.. i didn't have no debt too. now i'm planning to buy a house in 2-3 years. I just opened a bank of america account and applied for a credit card and waiting for their response. if I'm approved, then I'm gonna start building up my credit. i just wanna know how long should i wait??

[mscherpenberg]

If you got foreclosed on it doesn't matter what it looked like before. Your credit is probably going to be completely jacked forever. You didn't just give the house back to the bank. They took it cuz you couldn't afford it.

[Richard Penkoski]

36 months after the foreclosure it becomes a non event. You will have to have a couple trade lines on your credit for a new mortgage however. A car loan or a credit card with like $3,000 limit. If you have no trade lines they will not approve you