FHA looks at Bankruptcy and Foreclosure as two separate events and requires the appropriate wait period for each. Are you working with a buyer faced with this situation? Contact me and I’ll provide the details.
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Answer: [tweet-start]FHA considers a Bankruptcy and a Foreclosure as separate events. Different wait periods apply for financing. Call me![tweet-end] FHA views Bankruptcy and Foreclosure as two independent events and requires that the appropriate wait period be applied to each. The only way I’ve ever been able to get this clarified was by contacting a HOC […]