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at the closer in the past within it by in
under conventional loan
and that's that
so a foreclosure
it's important understand that there's a difference between a default on the loan
at a foreclosure uh... the foreclosure actually takes place at the loan is
defaulted on if you start making payments on the loan then there's a
process that the lender has to go through in order to we claim collateral
for the long seven exercising the leaning against the property
time to buy again will begin from the date that that deed of trust transfers
out of your game against the lender's name ad from that date high it seven
years before you can use a conventional fannie mae and freddie mac clones about
conventional lenders will allow you to buy again in less than seven years if
the foreclosure happened as a result of extenuating circumstances so you'll want
to watch the video about extenuating circumstances and what conventional
lenders are looking for by to determine whether or not you can buy sooner than
the seven years