1.) VA- 2 years from the BK dismissal date or short sale date, which ever is most current.
2.) FHA- 3 years from the date of short sale
3.) Conventional- 4 years after from the BK Discharge or Dismissal date.
Sorry my friend, that's as straight as I can be with you.
Best of Luck!
I'm a mortgage banker. If you did not in fact go through a foreclosure and its reporting wrong - It's a very easy fix. I get credit reports corrected all the time. In fact, it's part of Fair Credit Act that the lender report the correct information for consumer.
It appears your past lender was "lazy" and didn't want to take the extra step to get this fixed. Let me guess - It was a "big bank"?
My firm specializes in new purchase transactions. We are a direct lender and have offices from Hawaii to Florida. I'm local here in Orange County & I can get this fixed ASAP.
Please call my cell direct @ (949) 212-4578
Castle & Cooke Mortgage