Buying After Short Sales, Foreclosures and Bankruptcy

Here’s a rundown from Jason Servais at Bank of America. Keep in mind these are general guidelines and as such there always may be exceptions:


Fannie Mae

Foreclosure 7 yrs 3 yrs 2 yrs
Short Sale 2 yrs W 80% ltv

5 yrs w 90% ltv

7 yrs higher

3 yrs 2 yrs

Chapter 7

4 yrs 2 yrs 2 yrs


Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at

1 Comment

  • Dean Ouellette 7 years ago

    I’m not a fan of big box banks, but Jason servais of bank of America rocks! The ONLY big box bank guy I trust to get loans done. Good info!

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