http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/how-soon-can-i-buy-a-new-home-after-selling-a-home-to-avoid-foreclosure/ Foreclosure Avoid - How to Avoid Foreclosure from Happening to You Fri, 02 Dec 2011 21:18:24 +0000 hourly 1 http://wordpress.org/?v=3.3 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/how-soon-can-i-buy-a-new-home-after-selling-a-home-to-avoid-foreclosure/comment-page-1/#comment-169 nick k Sat, 07 Nov 2009 15:55:44 +0000 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/how-soon-can-i-buy-a-new-home-after-selling-a-home-to-avoid-foreclosure/#comment-169 Depends on how badly the previous situation damaged your FICO score. Did you go through a short sale ? If so, you are going to be held financially liable for the difference between the actual sale price and what was owed on the property. Were you repeatedly late with payments on the previous mortgage ? Check your FICO and find out what it is. If it's less than 600, don't bother looking for a bit, until you get that score up somewhat. Depends on how badly the previous situation damaged your FICO score. Did you go through a short sale ? If so, you are going to be held financially liable for the difference between the actual sale price and what was owed on the property.
Were you repeatedly late with payments on the previous mortgage ? Check your FICO and find out what it is. If it’s less than 600, don’t bother looking for a bit, until you get that score up somewhat.

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