How Can I Get a Mortgage Loan After a Foreclosure?

how to get a mortgage loan after foreclosure

by David Rouse

It is possible to purchase another home after a foreclosure.

Document the circumstances of the foreclosure. Some foreclosures are outside the control of the homeowners. Lenders look for extenuating circumstances such as loss of a job, illness or injury of a primary wage earner or death of a primary wage earner. Some lenders consider divorce an extenuating circumstance.

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    Source: homeguides.sfgate.com

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