How long after a foreclosure or short sale do you have to wait to get a home loan?

By , on November 18th, 2011

Over the past few years many people that had never faced financial trouble found themselves in foreclosure, doing a short-sale or deed in lieu or filing bankruptcy as a result of the burst of the housing bubble, record unemployment and a weak economy in general. People in this situation, many of whom were homeowners for years, were forced to lived with relatives or friends, or rent until they were able to get through their financial crisis. Now, many of these folks have been able to get back on their feet and want to buy a home again but don’t know when, or if they will be able to get a home loan again due to their past. Continue reading “How long after a foreclosure or short sale do you have to wait to get a home loan?“

Local Rehab Loan Program Allows Buyers To Take Advantage of Distressed Sale Bargains

By , on July 12th, 2011

Would you like to buy one of those foreclosure or REO bargains, but don’t have the cash to have the necessary work done?  There’s a new rehab loan program in St. Louis that will help homeowners do just this!  This program allows buyers to buy Bank Owned or Foreclosed Property (let’s call them “distressed homes”) and also borrow funds for the rehabilitation of these properties.  Continue reading “Local Rehab Loan Program Allows Buyers To Take Advantage of Distressed Sale Bargains“