Is there life after a forclosure?

[hopeagain]

Hi All,

In 1999 I lost my home. At the time I also had a second mortgage. They garnished my wages and I did pay the 2nd.

I now have a decent FICO score and all but one baddie are gone.

Can I get a FHA or qualify as a first time buyer ever again?

Thanks.

[DallasLoanGuy]

Sure. 

If the credit has been good since then, it will help.

[hopeagain]

"Sure. 

If the credit has been good since then, it will help."

I've had a good payment history since 2005.

My scores as of 1/8/09:

TU: 762

EQ: 714

EX: 808

 But, I paid my auto loan last week and owe nothing on cc's so I hope I won't lower my scores.

Thanks DLG! 

[DallasLoanGuy]

While we cannot approve you in a discussion board.... I see nothing preventing you from having a pretty easy time in underwriting.

[Anonymous]

Way to get those scores up post forclosure!    Dang...800!

[hopeagain]

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@Anonymous wrote:
Way to get those scores up post forclosure!    Dang...800!

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Ten years ago my credit report was a mess! I also had several CO's.

It's taken time and a uphill road back. Bit by bit I got small limit cc's & a (very high intrest) auto loan. Now as each co and baddies drop, my scores just grow. I also keep my cc at 2%.