7yrs on foreclosure. Time period Starts Trust Deed Sale. Date is when auction off, or purchase by private buyer. Trust Deed Sale is recorded and reported on your Credit Report.
I'm not familiar with MassHousing, but in general.. For FHA loans under the "Back to Work" program, you have to wait 12 months.. the guidelines are very strict and few that apply actually get approved, but it really is 12 months.. otherwise, FHA is 3 years.. For VA loans (must have VA eligibility), the mandatory waiting period is 2 years, but most lenders will make you wait 3.. For conventional loans, it's 7 years. For MassHousing loans, try going to their website and search for a lender, then give them a call and ask.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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