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Phoenix Real Estate and Homes for Sale | Jonathan Dalton, Realty ONE Group – (602) 502-9693

Jonathan Dalton
REALTOR
ePro, SFR
602-502-9693

Buying After Short Sales, Foreclosures and Bankruptcy

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:

  Conventional

Fannie Mae

FHA VA
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
Bankruptcy

Chapter 7

4 yrs 2 yrs 2 yrs

 

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