mike slick rick asked:
I had a VA loan to foreclose about 7 years ago in North Carolina. The property that foreclosed was worth about $72,000 which was about what I owed on my VA mortage. I think my same foreclosed property was sold for about $72,000. I think the VA didn’t lose money or if they did it was less than $7,000. Am I able to get another VA loan today being that I had a foreclosure in the past?
Walter
I had a VA loan to foreclose about 7 years ago in North Carolina. The property that foreclosed was worth about $72,000 which was about what I owed on my VA mortage. I think my same foreclosed property was sold for about $72,000. I think the VA didn’t lose money or if they did it was less than $7,000. Am I able to get another VA loan today being that I had a foreclosure in the past?
Walter
Timothy
check in with you local service officer
Lois
Yes, most lenders will need at least 24 months since the foreclosure discharge, also your credit most be re-establish and in good standing. Since your foreclosure was 7 years ago, most lender will disregard it, but will still ask for good credit history
Elizabeth
Hi.
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