Can you buy a house with a auto repossession?

Answer 1

YES U CAN!! I experienced a repossession July 2009. I had began to pay items off my credit because I wanted too become a homeowner in 2009. I had two car payments plus my normal household bills. I was able to make my payments on my first car because I was working overtime. I had been paying on that car for two years before I wasn't able to make the payments anymore. I got my taxes in 09 & played catch up to get my payments caught because I was truly trying to avoid having the car repo'd. It became to stressful so I had to let it go. I wasn't driving it so I figured it would be in my best interest to let it go. I DID!! They came & picked up the car & I still had an outstanding balance. 6 months after the repossession the creditor caontacted me about a settlement. I accepted, paid it & now I AM LOOKING for MY HOUSE!! I AM A WITNESS THAT EVEN WITH A REPOSSESSION YOU CAN STILL BECOME A HOMEOWNER!!