I have access to a great chart regarding derogatory credit and mortgage rules. Comment below if you would like a copy!

FHA-Bankruptcy Discharge-New Loan:  If a property is included in a Chap 7 Discharge in 2010 will FHA use that date or the Deed Transfer Date? –NEW CHART-Derogatory Credit-ALL Agencies!  Answer: FHA does not follow the same policy as, say, Fannie Mae or USDA, regarding foreclosures on mortgages included in a bankruptcy. FHA requires a 3-year wait […]

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