While it is true that you cannot obtain a loan if you have had a foreclosure in the past 7 years, there are a few circumstances we can review below with differing timelines.
- Charge-off of a Mortgage account, Deed-in Lieu, Pre-foreclosure sale or short sale - 4 Years
- Restructured or Short payoff of a mortgage secured by a property other than the subject - 4 Years
- Ch 7 or Ch 11 Bankruptcy - 4 years from discharge or dismissal
- Ch 13 - 4 years from discharge or 4 years from dismissal
- Multiple events within the past 7 years are not permitted; both events must be greater than 7 years.
If your circumstance occurred and is now past the above waiting period, please send over your bankruptcy forms to support@nftydoor.com.
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