FHA Loans: Getting an FHA Loan After Foreclosure

With the recent news of the record amount of foreclosures during the month of September, it is obvious to wonder who will be able to purchase a home in the future. Losing a home to foreclosure is stressful and for many it is the end of the emotional road of homeownership. In reality, foreclosures have been happening all along, but not at the high rate as what has happened over the past few years. Many people who went through this process years ago are now ready to purchase a home again due to low home prices. Getting an FHA loan after foreclosure is possible and happens everyday.

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