845: Q&A: Can I Invest with a Foreclosure on My Credit Report? - Episode 845
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 23 May 2022
⏱️ 22 minutes
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Summary
Transcript
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| 0:00.0 | Welcome into the investing in real estate show. I'm Clayton Morris, longtime real estate |
| 0:09.8 | investor and on this show we answer your questions. |
| 0:13.6 | It's our Q&A episode so you can fire up your real estate or financial or tax related questions, |
| 0:19.8 | whatever it happens to be, and we will attempt to answer it here on the show. You can do so by going to our |
| 0:23.9 | website just go to Morris Invest.com there's a microphone icon on the right hand side of your screen and you can ask us |
| 0:29.5 | any questions you like again that's Morris Invest.com |
| 0:32.6 | M-O-R-R-I-S. |
| 0:34.4 | We've got tons of great resources over there for new investors, |
| 0:37.8 | new and old investors, |
| 0:39.4 | for you to dive into. |
| 0:41.9 | Okay, so without further ado, let's get into today's questions. |
| 0:44.8 | We got a couple of them here. |
| 0:46.1 | Let me play the first one. |
| 0:47.4 | I think this one is from Allison. |
| 0:49.2 | Oh, yes, my name is Allison. |
| 0:51.1 | I'm wondering, is it possible to get a mortgage if you have a foreclosure on your |
| 0:57.7 | credit report? We have one from 2018. We have since gone an FHA loan for our primary residence, but we are interested |
| 1:06.5 | in getting into the investment real estate world, but I believe we have to wait another |
| 1:11.8 | four years. |
| 1:13.0 | Thank you. |
| 1:14.0 | So it's interesting. |
| 1:15.0 | So you were able to get an FHA loan given the fact that you had a foreclosure. |
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