Are meeting the requirements for repossessed homes complex or simple?
Meeting the requirements for repossessed homes are easier than meeting those requirements for a new home. This is in part due to the debt that finance companies have to pay to their repossessed inventories. Therefore, guidelines for financing are not likely for those who apply for one of their repossessions. Although this is true, it does not guarantee approval to everyone who applies. However, finance companies are more likely to approve someone that does not have perfect credit on one of their repossessions.
