What was your situation regarding the short sale? Were your mortgage payments and your other debt payments all made on time?
Best of Luck!
That is definitely one of the more approvable extenuating circumstances that FHA will allow due to the fact that the home was awarded to the wife in the decree. Without knowing all of the circumstances we are just shooting general underwriting guidelines.
With a letter of explanation of what happened, as well as the great credit, long-term employment, and a copy of the divorce decree, he just got underwriting approval.
I would recommend to take it to that level and actually get underwriting to approve your file before you waste your time or your team's time. But if you have a good reason that makes sense and can be backed up you might have a chance. He got approved with both FHA and Farm Home Loan.
I would look for a lender with local underwriting as they sometimes have more options that a cold, remote underwriting team. that would leave out most banks. The lender on my deal is great, and you could contact Ted Spradlin of Alpine Mortgage where my buyer is getting his new loan. Ted's number is 503-891-4205 and website is shown below.
best to you
I may be able to approve you on a private equity loan, but that will be more expensive and a much higher rate.