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My credit is horrible, this is the first time that i have done this. How do i go about trying to buy a forclosure house?
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With I Major in Finance, Have been in Lending for 10 Years. Own and operate my own business other than my Realtor License. contact me i will give you a free consultation no fees . Free Credit Report all three major agencies. Lets get you into a home. I find a way to say Yes when others find an excuse to say No.
First, we need to get a true basis of what "horrible" is. With 15 years lending, I have seen all kinds. If it warrants, we may need to seek out a credit repair specialist. Credit is much like losing weight. We just don't wake up one day and we are skinny. It takes time to repair. Also with FHA, depending on the last time you did have a derogatory tradeline, you may qualify. The first step is talking to a professional lender and going from there. Pulling a credit report costs about 12 bucks for a single and 18 with the spouse. You can reach me at 281-844-3690. Go Mustangs!!!
There is no magic in buying a foreclosure property. You do it the same way as any other. Begin by selecting a Lender to see what you need to do to get your credit in shape to qualify for a loan. Foreclosures are bank owned property so don't expect to find short cuts to the normal process. After getting the Freen Light from a Lender, contact a REALTOR to help yu through the process.... Good Luck
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