Editor's note: The loss of homes, jobs and wealth, coupled with an environment of tighter lending, has barred some consumers from owning a home again for at least several years. This article, Part 3 of a "Rebuilding Homeownership" series, explores whether lenders will make allowances for borrowers with checkered credit histories. Part 1 explored the scope of bankruptcies and foreclosures and the impact to would-be homeowners, and Part 2 explored the assistance that real estate agents can offer in helping consumers get back on firm financial footing. While bankruptcies and foreclosures could lock millions of would-be homebuyers out of the real estate market, the long-term impacts may depend on whether lenders are willing to make allowances for previously responsible bo...
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