Foreclosure is just a one-time event—with discipline and perseverance, it is possible to get a mortgage and become a homeowner again. Normally, the wait time is five years after a foreclosure before applying for a new mortgage, but there are ways to shorten that wait time. It won’t be easy to obtain a mortgage after foreclosure. But with enough time, discipline, and desire, it is possible to own a home again. Read more: http://www.houselogic.com/articles/5-steps-owning-home-again-after-foreclosure/#ixzz1CQgqV0KQ Read
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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.
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