Just saw a news story yesterday about veterans being able to qualify again for VA loans even after they've had a foreclosure in the past. Honestly, I thought once you had a foreclosure, especially with something like a VA loan, you were pretty much outta luck. But apparently there's some waiting period and conditions, but it's doable. Kinda surprised me, you know? Curious if anyone else caught this or has experience with it.
Yeah, it's legit. My brother-in-law went through something similar a few years back. He had a foreclosure on a VA loan, thought he was done for good, but after about two years and some credit rebuilding, he qualified again. From what I remember, there's usually a waiting period (around 2-3 years), and you'll need to show you've improved your financial situation. Definitely doable, just takes patience and some careful planning...
