Asked anonymously

I recently foreclosed on a home in a different state last year.

I read that if this was due to job loss and loss of income I can still get an FHA loan. Is this true? Also, I am working on my credit through a company who says they can get a foreclosure off my report. Is that legal?

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  Answers  |  1

July 02, 2014

Any credit company that says they can remove a foreclosure from a credit report may as well be selling unicorn rides as well. As for getting a loan with a foreclosure in your history - there are options. A few lenders will allow refinance with just 12 months seasoning on a foreclosure. I'm happy to discuss this with you if you'd like to contact me directly. My profile is available on this website. All the best!

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