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Will foreclosure keep you from buying a house in the future?In: Home Buying, Foreclosure |
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It's better to sign the house back to the financer to save them the trouble of going through foreclosure, just for their convenience. If you keep your credit clean for a few (3 or more) years, you should be able to purchase a house, but be prepared to come up with a 20% down-payment and pay higher interest than others.
First answer by Explorersportrac. Last edit by Explorersportrac. Contributor trust: 64 [recommend contributor]. Question popularity: 65 [recommend question]
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