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I had foreclosure 2 yrs ago and I want to buy a house this year. Is that possible?

I was scammed for loan modification, and I had no choice but to short sale, but the bank foreclosed my property a day before we closed the escrow.

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January 04 - US
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April 08
Absolutely possible my friend! 
 
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April 07
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Please be advised the waiting period starts ticking from the time that the foreclosure case has ended, usually from the date that your prior home was sold in the foreclosure proceeding.
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January 08
Hi,

I'm sorry to hear of your unfortunate circumstance. [self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
Thanks,
Craig Bosse
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January 08
As you may know, there is usually a waiting period you will have to sit through. The waiting period depends on the loan you are seeking or can afford. For an FHA loan, the waiting period for a foreclosure is 3 years, but there is an exception. If you experienced an economic event (such as unemployment) that caused a loss of income resulting in your foreclosure, then the waiting period for an FHA is only 1 year. Also, a conventional loan has a 3 year waiting period but does not have the same exception as the FHA. The best thing for you to do is to speak with a lender to see if you have any chances at obtaining a loan now. Also, you can get great advice on how to proceed if you call a lender. There are lenders like myself that would be glad to speak with you to help you get the loan that you need. Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me.

Good Luck!
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January 06
Hello,
In some cases it is possible to still get a mortgage even if you've had a foreclosure within the last 2 to 3 years... call a local lender in your area for some advice, start with the bank where you have your checking and savings account with. They might have to pull your credit first to see where you stand to determine if you are able to buy right now or you might have to wait.
Hope this helps!
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January 04
 
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