What steps do you take buy a foreclosure home with bad credit?

by on April 30, 2010

Michelle G asked:


I want to buy a foreclosure home but, my credit is awful. I have a low credit score and a bankruptcy. What can I do ?

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{ 4 comments… read them below or add one }

Mom26g May 2, 2010 at 8:46 am

Those are exactly the loans that are going into foreclosure now. It’s going to be much harder for you to buy a house than it was a few years ago. Call a mortgage broker and find out what you can qualify for. Good luck!

Maybe someone in pre-foreclosure will let you rent to own or similar…

iceman May 5, 2010 at 10:58 am

It wouldnt be any different then buying any other home or other type of loan. Your bad credit will hurt you. Perpahs the amount of money you will save by getting a good price on the foreclorsure will allow you to get the house. But that bankruptcy is going to sting alot.

Janet P May 6, 2010 at 6:07 am

You are going to need to pay cash.

Collin J May 7, 2010 at 6:07 am

do you live in California, If you do,I can repair your credit in only 30 days. Your credit score will increase from 50-100 points. You need to contact me, in you live in California

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