Foreclosure and Bankruptcy

[rikimaroo]

Everyone I truly appreciate the reponses. Guess I will be saving hard core for the next few months/year until they boot me out of this house. Maybe by that time between the wife and I we can save 200k and just buy a darn house LOL.

Thanks
Riki

[Scooter10]

I just got a car loan for 26k and have 3 credit cards with a 450 limit, 1,200 limit and 1,000 limit to help with my credit score. Do you think by the time I am ready to buy the house even after having 40k+ saved up and looking at buying a house less then 200k would still be a problem even after doing to shortsale? The reason for the shortsale is because the foreclosures are so backed up right now that I have literally been in the house for 2.5 years not paying and I would have to continue to pay my HOA if I left.

Just an FYI. There is an entire different section titled "Mortgage after BK" that has lots of information regarding what you are looking for in mortgages.