Re: Would like to buy, not sure my chances
10-04-2012 10:10 AM
I think you answered you're own question... that repo with such a large balance will probably be a deal breaker. Most enders will be worried about the chance of you being sued and a lien placed on the home.
I also have a repo with a charged off balance from 2007 and was told by more then one lender that I would need to get it taken care of.