We can do it 1 day out of Foreclosure or Short Sale. As long as you have only had 1 event.
We call it 2nd chance. So 1 BK, 1 Foreclosure or short sale. We will count the BK and Foreclosure as 1 event as long as the property was surrendered in the BK and it has been 2 years.
Otherwise.. if no BK. I can do a 20% down loan the day after the warranty deed is recorded.
So we are 1 day.
Current Short Sale Waiting periods for:
Fannie/Freddie 4 years