Bad news, good news

So I got the answer to my mortgage application. A foreclosure prevents me from getting approved for at least 3 years. So I have to wait until September 2012 before I can apply on my own. I am stil moving forward on looking for a home thanks to my brother & his wife. We are investigating if they can purchase a home, and then rent it to me. If we can do an assumable loan, then I might be able transfer the mortgage to me next year. They are meeting with a real estate attorney next week to see if that and any other options are available.

In the process of applying I got my credit score through Equifax. I was up to 669! It would have come in higher but my utilization of my one $700 credit limit card was at 65%. I paid it off and received updated scores from Credit Karma & Quizzle of 678 and 701, respectively. still not great compared to what my scores were before bankruptcy, but not bad considering the the discharge & foreclosure was 23 months ago.

For now, I’ll keep plugging along and wait patiently for the results of my brother’s meeting with their attorney next week. Fingers crossed!