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What steps do you take buy a foreclosure home with bad credit?
January 11th, 2011 | 
Author: Question by Michelle G: What steps do you take buy a foreclosure home with bad credit?
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 ?
Best answer:
Answer by Mom26g
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…
Know better? Leave your own answer in the comments!
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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.
You are going to need to pay cash.
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 mortgagecollin@sbcglobal.net