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There are literally thousands of "alternative" lending sources in America. Also know as "B-C-D" lenders, these lenders provide mortgage financing for folks who can't qualify for conventional mortgages due to previous foreclosures, and other negative reporting items on their report. The catch? Most likely you will pay higher fees and pointsrnThere are lenders who will give you a 100% financing the first day after your foreclosure. There are other guidelines but this is there specialty. In others words don't be discouraged. In my brokerage office we use these programs all the time for many borrowers and I know they work from direct experience. Let me know if you would like more information.rn
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