Asked by Armando, 33025 • Sat Dec 22, 2012
To facilitate this shift in the mortgage market, the FHA is considering a policy change, loosening mortgage guidelines by waiving the traditional â€œwaiting periodâ€ that follows a credit damaging event. Accordingly, home buyers who have undergone a bankruptcy, foreclosure, or short sale may be eligible to purchase homes immediately if this change takes effect.
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