I asked our strategic partner, lender, Mr. Chase McLane at People mortgage and he said this: "they can get an FHA mortgage with 5% down and a foreclosure on their record however they cannot qualify for a conventional with 5% down until after 7 years from date of trustee sale. "
If you wish to work with the best team in town, please give us a call. We are the #1 ranked team on Trulia and several other websites. Check out the links below my signature line,
Shawn I. Rogers, REALTORÂ®, CSSPE - West USA Realty