Tag Archive : seasoning since Bankruptcy

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Can Filing Chapter 13 Bankruptcy Move You Closer To Homeownership? What?

       FHA Loans / General

it’s a little known fact amongst Homebuyers, Renters, Realtors and even Loan Officers that both FHA and VA allow a Borrower to purchase a home after they’ve made 12 timely payments on a Chapter 13 BK. Wait! What? Yes you read that right. Why is this important? It’s important because while grappling with many unpaid collections, charge off’s and judgements,…… Read More »

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What Are FHA Rules For Buying A Home After Short Sale?

       FHA Loans

What Are FHA Rules For Buying A Home After Short Sale? HUD that oversees FHA came out with the Mortgagee Letter in Dec 2009 which essentially gave FHA’s blessing for buyers who were forced to short sell their homes to be able to buy a home just 1 day after short sale! Here’s the rules Buyers are NOT eligible if…… Read More »