The answer is yes. The Federal Housing Administration recently released published guidelines that allow for waiting periods to be reduced from 2 years after a short sale and bankruptcy and 3 years on Foreclosure to 1 year under Extenuating Circumstances caused by the Recession such as Job loss or Reduction of income of at least 20% for at least six months prior to the event.
This program will be available through some approved Fha Lenders and the borrower must meet all the standard FHA guidelines; 1. Down … (2 comments)
CAN I GET A MORTGAGE 1 YEAR AFTER A SHORT SALE, BK, OR FORECLOSURE?
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