Legal Question in Real Estate Law in Washington

Mortgage loan- getting financed for a house

do mortgage companies give out loans with people with who have foreclosure on their credit report?what can you do if loan keeps getting rejected?


Asked on 9/11/07, 10:06 pm

1 Answer from Attorneys
Elizabeth Powell ELizabeth Powell PS Inc

Re: Mortgage loan- getting financed for a house

It depends on how long ago the foreclosure happened, and whether there was a judgment as a result, and whether that's been paid off, or not.

The subprime market tanked a few months ago, so persons with credit ratings under about 680 are now not going to be offered mortgages.

What you can do is clean up your credit.

Joyce Heritage in Mt. Vernon is quite good at cleaning up credit. You can find her in the lawyer directory at wsba.org.

Elizabeth Powell

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Answered on 9/12/07, 1:09 am


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