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Updated over 8 years ago on . Most recent reply

Brian Ruth's profile image
Brian Ruth's profile image
Brian Ruth
  • from Lexington, Kentucky
  • Member since Mar 7, 2014
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Brian Ruth's profile image
Brian Ruth's profile image
Brian Ruth
  • from Lexington, Kentucky
  • Member since Mar 7, 2014
Connect
Brian Ruth
  • Lexington, KY
1
Votes |
3
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Starting Out

I have a foreclosure on my record... looking for 1st deal

Brian Ruth
  • Lexington, KY
Posted

In October of 2013, BOA foreclosed on my personal residence. I checked my credit score a couple of months ago on TransUnion and had an 825 credit score. Pretty good considering the foreclosure on my record.

Since I have the foreclosure, I can't obtain a conventional loan for 7 years from the foreclosure date (so I'm told). I'm looking for advice as to HOW CAN I OBTAIN A MORTGAGE W/O PAYING AN EXTREMELY HIGH INTEREST RATE? I'm interested in buy/hold properties at this time and plan on utilizing an LLC.

Thanks in advance for your wisdom...

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