We were preapproved for a house purchase by ‘mistake.’ The person who did the preapproval failed to notice a repossession that we have on our credit report.

So, 6 weeks later, we were declined for our home loan.

My question is, do we still get the appraisal report considering we paid $300 for it?

Sell and Rent Back

I recently lost my job and with the price of gas my husband I and I can longer afford our SUV payment, gas, & insurance. We were thinking of handing it back over to the bank to just be done with the whole thing. We want to buy a home in a few years. How will this affect us?

Rent Back

I know a repossession has a negative affect on your credit score, but can you request a lesser penalty on your credit report from the credit union? I just learned about charge-offs, is that better or worse on your credit score than a repossession? My boyfriend got a repossession recently and we are going to work to build up his credit in the next couple years so we can get married and hopefully purchase a house or condo. What would be the best way to raise his score in the next 18-24 months. I know the repossession will probably be on his credit for at least 5 years but is there anything we can do to better our chances to get qualified for home loan?

Quick House Sale