foreclosure: California FHA Loan after Collection, Judgment, Foreclosure and Bankruptcy
- 08/16/10 07:31 AM
In this post I am talking about eligibility guidelines for a California FHA Loan after you have gone through Judgment, Collection, Bankruptcy or Foreclosure. FHA Loan after Collection and Judgment: FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before the mortgage loan is eligible for FHA insurance endorsement. Exception: An exception on a court-ordered judgment may be made if the borrower has an agreement with the creditor to make regular and timely payments, and has provided documentation indicating that payments have been made according to the agreement. FHA Loan after Foreclosure: … (0 comments)
In this post I am talking about eligibility guidelines for a California FHA Loan after you have gone through Judgment, Collection, Bankruptcy or Foreclosure. FHA Loan after Collection and Judgment: FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before the mortgage loan is eligible for FHA insurance endorsement. Exception: An exception on a court-ordered judgment may be made if the borrower has an agreement with the creditor to make regular and timely payments, and has provided documentation indicating that payments have been made according to the agreement. FHA Loan after Foreclosure: … (0 comments)
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