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FHA post bankruptcy/foreclosure

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tunseeker1
Regular Contributor

FHA post bankruptcy/foreclosure

I was trying to find out the criteria for FHA approval post bankruptcy/foreclosure I have found answers that vary and contradict each other. I have heard 2 years post for bankruptcy if no mortgage was included. 3 years post bankruptcy if mortgage is included And 3 years after the house transfers out of borrowers name if foreclosed. What if mortgage was in bankruptcy? Does that factor? Does date of forclosure matter?
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IOBA
Senior Contributor

Re: FHA post bankruptcy/foreclosure

Did you include the house in the BK?  

 

Was it a BK 7 or 13?

 

Was the mortgage discharged in the BK?

 

Are you living in the house now?

 

What is your house goal?

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llecs
Moderator Emeritus
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Re: FHA post bankruptcy/foreclosure

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