https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf
Here are the fnma underwriting guide lines if a person does a short sale or has been foreclosed.




Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield,Wisconsin

I've heard that a foreclosure lasts around seven years on your credit report, but that it is possible to buy around three years after a foreclosure. You might want to check a reliable resource on the web for a more direct answer.

Check out this website for some useful information: http://www.loanapproval411.com

I have attached the fnma underwriting guide lines that will give you an idea and implication of foreclosure,short sale and dil. Hope this helps.


https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf


Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield, Wisconsin

I've heard 7-10 years, although you can apply for a new mortgage 3-5 years after