It's been about two years since my house was foreclosed on and bankruptcy was discharged earlier this year. I have a solid income and can put a sizable down payment on a house. What are the rules with my scenario? by jimcal_396_465 from Safford, Arizona. Oct 31st 2011
48 months from discharge date for Fannie/Freddie, 24 months for FHA deals, and 2 years for VA.
In general, most investors are going to be looking at the date the foreclosure deed was recorded and you are looking at 3 years from that date, but there can be exceptions based on the circumstances. I am an Arizona Lender. Please contact me at 480-889-9000 (or 888-889-9950) so I can go over your particular situation with you.
Not enough information Jim.. Chapter 13 or 7?? What was the date the home transferred out of your name?, What type of income do you have, Commissions, hourly, salary, self employed, etc... Best advise I can give you is to contact a local mortgage broker like my self, and let's sit down and go over your particular scenario. If you cant qualify now, we can show you how to qualify in the near future... WilliamAcres.com... Scottsdale AZ
You are a few years away from getting financing for a new home. Look at getting into a land contract and reestablishing your credit.
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