Great news!! The Federal Housing Administration has moved to relax its guidelines for borrowers who “experienced periods of financial difficulty due to extenuating circumstances”. Dubbed the “Back to Work – Extenuating Circumstances Program”, FHA has now removed the familiar waiting periods that typically followed a derogatory credit event. Ex-Homeowners who lost their homes to a […]
If you’ve ever faced foreclosure, loan approval may be closer than you think! To determine your wait, scan this chart below to determine your circumstances (courtesy of Nina Efird with Fidelity Mortgage). For more information on foreclosures and when to buy check out Can I Buy After Foreclosure? Hampton Roads Real-e-statement is written by Alyssa […]
As the real estate market continues to improve, a frequented question is, “can I buy again after foreclosure?”. More and more families are looking to buy after having faced foreclosure within the past 10 years. We should all know by now that a foreclosure and even bankruptcy take a bit hit on your credit. The […]