Can’t get a loan because of a past BK or foreclosure? Not always true

Real Estate Agent with Bloomtree Realty SA629112000

In light of the many foreclosure that have happened over the last 5 years, The  Federal Housing Administration (FHA) has introduced the Back to Work Program.  Currently, there is a 3 year waiting period after a foreclosure on an FHA loan.  If a prospective buyer can prove extenuating circumstances from past defaults and show recent financial recovery, the FHA will be willing to shorten the wait period for getting a home loan to as little as a year.  For more information go to;

foreclosure sign

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Jerry Cecil of Jerry Cecil PLLC

Nextage Realty Professionals

143 N McCormick St #205

Prescott, AZ e-mail

928-443-8893 office

928-710-8656 cell

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