Profile picture for MSkokan

Is it easier to buy a foreclosure with bad credit?

  • May 03 2010 - Sugar Land
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    0Yes

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Answers (4)

no, it's much easier to get a loan to buy it if you have good credit.
  • May 07 2010
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Profile picture for tiffdelgado
A house is a house is a house. As long as you need a loan, you will need to make sure your credit is good. Honestly, credit scores don't go nearly as far as they did a couple years ago. Also remember getting pre-qualified, and getting pre-approved are different. So I would talk to an LO or find a referral credit repair company, and just see what you can get with your credit, or what you need to do to increase your credit. Feel free to contact me if you would like. Good luck.
  • May 07 2010
  • 0Yes

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Profile picture for wetdawgs
If you are able to pay cash, then a foreclosure is not a problem.

If you can't pay cash and need a loan, then good credit is needed.
  • May 04 2010
  • 0Yes

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Profile picture for The LaPeer Team
No. You still have to get a loan and will need a minimum credit score. It doesn't matter if it is a foreclosure or not. Talk to a loan officer about how to clean up your credit so that you can buy a home.
  • May 03 2010
  • 0Yes

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