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Hi we, Filed Chap 7 01/2009 and discharged 04/2009 house included but states re-affirm? We did not re affirm, never said we would. There is no forclosure on mine or my husbands credit reports, only that mortgage was discharged on 04/02009 and closed.
Tried to prequal and at first he said we were pre-approved, and a week later asked when the house was forclosed. I told him it wasnt, that we vacated and called chase to tell them we were out if they wanted to winterize it. That was it, looked up on the countys site and it said this
I dont really understand this? We were never even given notice of forclosure and I worked in law enforcement so if they were looking to serve me, I am easy to find.
Also, on my credit report it shows this for that mortgage with no late payments (we paid until we vacated)
So I guess my question is, we have the income and credit scores to buy now, what does this mean?? a 2 year wait from discharge? a 3 year from when the bank sold it? I havent a clue Thanks in advance
Chase Corporation
Feb, 2010 |
Aug, 2006 |
Mar, 2009 |
Feb, 2010 |
Conventional Real Estate Mortgage |
$237,622 |
Mortgage Account |
Joint Account |
Banks |
$0 | Unrated |
[Edited to remove hyperlinks in the table above, which led to documents with personally identifiable information.]
From my understanding it is from the data of foreclosure. I would contact Chase and see if you can find out the status. Also you can go online to your county deed office and search to see when or if the deed was transferred. I gotta believe the foreclosure happended or the county would be still looking for tax money for the home. Either way good luck!
You may be very much out of luck, another TARP bank and Fannie Mae nail a consumer. The table in the lower section (where did that come from?) looks like the deed was transferred in foreclosure 4/2010 to Fannie Mae, and then transferred from them to a buyer 8/2010. So your three year foreclosure clock started 4/2010 and you probably can't get an FHA loan until 5/2013.
Even if your foreclosure occurred on your discharge date, FHA rule is 2 years from Chapter 7 discharge or 3 years from foreclosure (deed transfer) date, whichever is longer.
The table was copied and pasted directly from the county recorder website. At first we were told that since it was included in the bankruptcy it would only be the 2 year wait from discharge, which has passed. Bc it is not like we were dilinquent and got forclosed on, we wiped out everything. The LO was surprised that it did not ever have a late on the mortgage....he said in normal cases the owner has to be missing mortgage payments to even get forclosed on, which we paid until discharge?? That made sense bc its not like we lived for free for a year while the process happened, we actually had a cleaning lady and a carpet cleaner come in and tidy up after we left!! I also found it weird that we vacated in Aug 09 and forclosure process appears to have started a week or two later in Sept, doesnt it ususally take months of missed payments to start the process if thats the case??
I am hoping I skate by on this bc I was told we were good to go, all we needed was a letter of explination of filing. LO said that he is closing a loan almost identical to our very situation friday, so he did not want to ask the bank he worked with to get my pre qual numbers until after theirs is closed as to not rock their boat.
thanks for your opinions I appreciate it so much