Fortunately, foreclosing on a home does not totally preclude you from buying or owning one again in the future – though it does make doing so considerably more difficult. Private money lenders who charge a very high rate of interest don’t often care about your credit record or any prior foreclosures you have had. This is not the case for other lenders – they do care, and there is typically a four-year waiting period to get into a new home with them, assuming you rebuild your credit.