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Old 02-28-2008, 03:51 AM
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Default How long will a foreclosure affect my ability to get a

mortgage? I lost a condo to foreclousure 3 years ago, Not because I could not afford a rate adjustment. I got married the condo was one bedroom and I got instant family with 2 stepchildren. I tried for 14 months to sell the place burning thru 15k in savings before letting the bank take it back. Is there any hope for me to get a mortgage?
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Old 02-28-2008, 09:47 AM
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It may be possible. Especially if you have good credit now and your spouse has good credit. Find a good loan officer who can let yo know your options.
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Old 02-28-2008, 11:40 AM
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Well, usually it is on file for seven years, but you could call your local bank and ask someone who could answer the question for you.
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