What qualifications do you need to buy a foreclosure home? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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The Guide to Getting a Mortgage After Foreclosure – Depending on your length of service, duty status, and character of service, you may be eligible for a Veterans Affairs (VA) home loan after foreclosure. VA loans, guaranteed by the Department of Veterans Affairs, allow veterans and active military to bounce back more quickly after a foreclosure.
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Buying a foreclosed home can be an affordable option for cash-strapped homebuyers. However, it’s important to understand the implications of such a significant purchase before you immediately dive in.. How to Buy a Foreclosed Home.. so you are aware of any repairs for which you need to.
This guide covers the pros and cons of VA home loans, and what you need to know before. about 25 percent of veterans do not use VA financing when they buy their homes, for a variety of reasons.