Has anyone ever lost their house to a foreclosure?
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Been through it 5 years ago due to an illness. It is emotional, however I purchased a new home last November. If the circumstances that lead to he foreclosure were"life event related, most lenders will entertain another loan if you keep your credit history clean and show tat you have been on time with current payments.
Gd Luck
I have good friends who went through both a bankruptcy and a foreclosure due to a serious medical issue about one year ago. They recently qualified for a loan - the interest rate was high, but they can be homeowners once again, and they'll refinance down the road when their credit scores are better (and they are totally dedicated to improving their credit scores and saving money).
My understanding is that they learned that "stuff" doesn't matter, they pared down their lifestyle quite a bit, keep it simple, and have a deep faith in God that He has a plan and whenever He closes a door, he always opens a window.
P.S. After more than a decade of trying to get pregnant, they just found out that they are expecting a baby. They think that this was THE BIG reward for all the difficult times they went through last year.
Good luck and best wishes to you - look forward, not behind.
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