Expert, localized Los Angeles answers provided by Heather Roy

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Home in Foreclosure

  I was wondering if I could go purchase another home before I let my current home go into forclosure. Is it possible to do, will a place sell me a home if do that???

Thanks
 
  I'm sure anyone would sell you a house if you had all cash to pay for it.  I suspect that isn't the case, though.  If you're asking whether you could get a new mortgage to buy another house -- I don't think your credit record, right now, will let you borrow what you'd need.
    Edith
Originally published on April 21, 2008
 
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