You could have avoided the foreclosure:

The consequences of foreclosure are not at all good - they affect the credit report severely thus making getting loans difficult in the future.Since the credit score gets reduced by a bigger amount,you are most likely to get a loan with the highers interest rate.The confidence on your repaying abilities will go down.These consequences could have been avoided by foreseeing things and getting one of the several solutions available.But since this has happened unfortunately,there is no other way to get back the home.But there is nothing to worry as there are lot more solutions available to you - Renting After Foreclosure will be the better way rather than getting another mortgage.

Getting the next mortgage soon?

There are some people who do not want to get into a rented home and want to get a mortgage soon after the foreclosure.This is not a good idea.You can get the mortgage only at a heavy interest rate and a higher down payment.So why do you want to hurry?Be patient for a few more months [waiting for 24 months would be the best] and try out every possible way to raise the credit rating.Once your score is improved you can find mortgages at better rates.

There are many people who are confused and unaware about the property owner rights after foreclosure has happened.Some people might now know what to take and what not to take from the foreclosed home.If so,read the following points:

=>Anything that you bought is obviously your property and you are the sole owner.So you can take them all - i hope you are not unaware of it.

=>But things that constitute part of the home must not be taken away by you.For example:furnaces.Taking the furnaces along with you is not allowed since it is supposed to be part of the home.

fixtures and personal property:

=>In short,fixtures cannot be taken away from the home while the personal property is all yours and nobody can question you if you take them with you.

If you need any more details you can read about the Home Loan Foreclosure and also the Buying a Home After Foreclosure to know about buying a new home after losing the home to a sheriff sale recently.After the foreclosure,you may be left homeless -at such situations,a Mobile Home Mortgage will be useful to you.