Borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale can now reenter the market in as little as 12 months under a new guideline established by the Federal Housing Administration. The more lenient approval process does have some eligibility requirements, such as documentation of “certain credit impairments” and economic hardship.
Full Story: http://www2.realtoractioncenter.com/site/R?i=Foy3hUQKrRTnBFjEO2PY-w
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