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Old 12-27-2010, 11:42 PM
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Default Can I use my VA-Loan after a recent 1st time...

...owner foreclosure? My husband had a foreclosure in 2007 and it was through a first time home owner loan. Now we are trying to get a home and want to know if we would get approved by using his Va-loan with the foreclosure being so recent? Have any of you done this before and what was your outcome? thank you everyone.
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Old 12-28-2010, 05:30 AM
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1 If both of your names were on the first home and it went into foreclosure then ..No.2 Whatever agreement he had with his bank is between he and the bank.That explains how the bank can place the foreclosed home on the market for anyone to buy.3 All qualified persons can use a" First time" loan once.4 Anyone can buy as many homes after foreclosure if a financial backer is willing to go in this deal(my brother has done this at least 4 times) with you.5 I strongly suggest that the both of you visit in person with "Veteran Services" at the VA facility nearest to you,this way you are both there to double check questions and answers given by the VA Rep..And you can both be there to ask questions the other may have forgot to ask during all the excitement of the proceedings .6 Go in with written questions and pen and paper to take notes.7 Matthew Chapter 19,verse 26
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