Can I get a mortgage with foreclosure redeemed on my credit report?

Can I get a mortgage with foreclosure redeemed on my credit report?

The best way to qualify for a home loan with a foreclosure on your credit report is to immediately begin rebuilding your credit. Sub-prime lenders would approve mortgages for credit scores as low as 580 in this past, but this is no longer the case.

Do I owe money after foreclosure?

How much is your home worth? Regardless of your state’s deficiency laws, if your home will sell at a foreclosure sale for more than what you owe, you will not be obligated to pay anything to your lender after foreclosure. Your lender is obligated to apply the sale price of your home to the mortgage debt.

How do you negotiate a home inspection?

10 tips for how to have a good negotiation after a home inspection

1. Review the report with your real estate agent.
2. Prioritize repairs by cost and severity.
3. Don’t sweat the small stuff.
4. Request concessions for major items.
5. Get quotes from contractors.
6. Take the market into consideration.
7. Know what “as-is” means.

Can you negotiate home price after appraisal?

You can still negotiate after an appraisal, but what happens next depends on the appraisal value and the conditions of the contract. Buyers usually have a “get out” option if the home appraises low and the seller won’t budge on price.

How do you counter offer after a home inspection?

We’ve laid them out for you below so you can decide which option might be the best fit.

1. Ask the seller to make repairs.
2. Ask the seller for a concession or credit towards the repairs.
3. Walk away from the deal.
4. Get estimates first.
5. Ask for the most important items.

What if a seller won’t budge?

5 Tips to Close the Deal with A Stubborn Seller

1. Discover What the Seller Wants. The first thing to do as the buyer’s agent is to discover what it is that the sellers want.
2. Be Willing to Waive Contingencies.
3. Come to The Table Prepared.
4. Offer the Seller a Rent-Back.
5. Get Creative Connections and Expertise.

Can you negotiate with seller after home inspection?

After your home inspection if there are items you want repaired, you are technically renegotiating or counter-offering after the home inspection. Remember a seller can engage in negotiating or they can just shut down any negotiations and say take it or leave it.