Looking to buy and Need Help! Pending forclosure

Industry pros offer their experience in manufactured housing to help first time buyers to make informed decisions with confidence and peace of mind.
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detroitcreative
Posts: 1
Joined: Thu Jun 28, 2007 8:52 pm

Looking to buy and Need Help! Pending forclosure

Post by detroitcreative » Thu Jun 28, 2007 8:55 pm

I want to buy a manufactured home in michigan. My house is about to go into forclosure. I can support the payment of a manufactured home if I could get a 30 yr fixed. What are the chances of ever getting another loan...Even with a good co-signer?

rmurray
Posts: 1086
Joined: Thu May 25, 2006 6:49 pm

Re: Looking to buy and Need Help! Pending forclosure

Post by rmurray » Thu Jun 28, 2007 10:29 pm

Sorry..but it is very hard if not impossible to get a home loan when your current home is behind...Your best route would be to talk to a superviser at your current lender. Home lenders now have man ways to help you overcome foreclosure..They do NOT want your hom in todays housing market expecially in MI.

FHA and VA I assume have foreclosure programs available Read about them here..

http://170.97.167.13/foreclosure/index.cfm

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