Home Awarded to Ex-Spouse Goes into Foreclosure After the Divorce

Question: My client’s ex-spouse was awarded the home in the divorce agreement.  After the divorce, late payments and ultimately a foreclosure occurred.  Will this affect my client’s ability to get an FHA loan? MC Chart- Divorced Borrowers – All Agencies Answer: Foreclosure and Deed-in-Lieu of Foreclosure (Manual) A borrower is generally not eligible for a […]

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