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FHA Loan Rules: New Home Loans Following A Short Sale
We get many questions about FHA home loans following bankruptcy, foreclosures, or short sales. The FHA loan rules for new loans following a short sale can be a bit complicated as much depends on the...
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FHA Loans and Minimum Waiting Periods After Foreclosure: A Reader Question
A reader asks, “After a foreclosure how many years you must wait for a new application?” FHA loan rules governing this question can be found in HUD 4155.1, Chapter Four, Section C. That section states...
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FHA Loans, Seasoning Requirements and Legal Assistance: A Reader Question
A reader asks, “Have a question on issue of a legal settlement made on property ,, money to settle suit was borrowed on a promossory note and given to attorneys… few months later owner gave a lien to...
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FHA Loan Rules, Reverse Mortgages and Seasoning Periods
A reader asks, “I had a forclosure in 9/12/2012. I have applied for a reverse mortgage several months ago. The loan officer told me that I would have to wail until sept 2015 to re-apply. Is there any...
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