http://property-investment101.com/property-investment-advice/how-will-my-life-really-change-if-i-go-thru-foreclosure-on-an-investment-property/ The Best Investment Properties Advice Fri, 01 Jan 2010 21:41:26 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://property-investment101.com/property-investment-advice/how-will-my-life-really-change-if-i-go-thru-foreclosure-on-an-investment-property/comment-page-1/#comment-194 deep_purple Sat, 31 Jan 2009 16:14:02 +0000 http://property-investment101.com/property-investment-advice/how-will-my-life-really-change-if-i-go-thru-foreclosure-on-an-investment-property/#comment-194 -After a foreclosure you need to “work things out”. -You will need a down payment if you want to purchase a home within 24 months of the foreclosure. -You will need to have a ‘clean’ credit history after the foreclosure. -You will need to show job stability. -You will need “Reserves” -Pay your rent on time, all the time -Pay off any collections that may have accumulated -Pay any judgments you have acquired -Start a savings plan -Contribute to your retirement accounts -Establish new credit -Monitor your credit report -Find a loan officer with whom you feel comfortable as early as possible -After a foreclosure you need to “work things out”.
-You will need a down payment if you want to purchase a home within 24 months of the foreclosure.
-You will need to have a ‘clean’ credit history after the foreclosure.
-You will need to show job stability.
-You will need “Reserves”
-Pay your rent on time, all the time
-Pay off any collections that may have accumulated
-Pay any judgments you have acquired
-Start a savings plan
-Contribute to your retirement accounts
-Establish new credit
-Monitor your credit report
-Find a loan officer with whom you feel comfortable as early as possible

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