if i do a quick sale will I be able to buy right away? Or will my credit be to bad?
hot b asked:
I have missed a few mortgage payments and I want to do a quick sale before they foreclose on my house, will I be able to buy a house right away?
I have missed a few mortgage payments and I want to do a quick sale before they foreclose on my house, will I be able to buy a house right away?
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NO unless you have a credit score of 700, The lender will see that even though you paid off your mortgage you still were unable to make the monthly payments, You might try unconventional mortgage lenders (look for ads in major city papers) and most likely they will ask for a large up front $ over 20% plus all the closing costs in cash..