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Discuss AvrusMortgage's answer to: Can you re-apply for a loan and buy a house after foreclosure?

I read that after two years, you can re-apply for a loan and buy a house after foreclosure. I am wondering if this is true. What is your opinion on doing so? I also hear it can be a good time to buy ...

AvrusMortgage Answered:

Yes after a foreclosure (2) two years is the industry standard rule of thumb. But realistically it depends on the lender's (banks) guidelines and if you have re-established credit, and your current credit score. If you have need to find out more or see if you qualify you can call me Joseph Avrus with Avrus Financial & Mortgage Services. Inc in Florida or Georgia 800-741-4004. Or click on our website at www.AvrusMortgage.com