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is it possible to buy a home if you have a foreclosure on record?

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December 20 2008 - Southwick
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In short, yes you can buy a home after a foreclosure. You must also have reestablished good credit, and you cannot have any late payments on any accounts since the foreclosure.

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December 21 2008
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It depends on your current financial situation.  Do you have a substantial down payment?  How many years since the foreclosure?   Do you have steady income and sufficient reserves for six months of living expenses?


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December 20 2008
 
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