does a deed-in-lieu fall under foreclosure? Or is that looked at differently

YES, it shows that you took responsibility to return the home to the lender, but it is still a situaion.. how long ago? do you or someone you know have active or retired military time? I work with the military people and usually can get them qualified .. lindaonthego@outook.com

Yes, there is a waiting period after a Deed-in-Lieu. Generally 3 years for FHA Financing. But then Wait period not required if borrower is current on mortgage/debt & is not taking advantage of declining market conditions.

In reply to your followup question: For a Conventional loan generally it is 7 years after a Foreclosure. With extenuating circumstances 3 years could apply with a min of 10% down. You can find my contact information on my profile page if you wish to talk.

WITH good personal credit, I can get someone qualified for 3 to 5 yrs ,and if you have any military service, I just need 1 yr of the situation lindaonthego@outlook.com

More info needed.. But in general, It depends on the loan program you are applying for.. With all government loans, (FHA, USDA, VA).. deed in lieu is looked at the same as a foreclosure.. Conventional however will look at it the same as a short sale.. For Gov. loans, VA is 2 years but most lenders will make you wait 3.. for FHA and USDA, it's 3 years.. for Conventional, it's 4 years, but if it were a foreclosure, it would be 7.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347