Fannie Mae has made changed on their Foreclosure waiting period.I'm going to list Fannie Mae's current waiting period on all derogatory events for youhere...
Derogatory Event | Current Waiting period |
Bankruptcy – | 4 years |
Chapter 7 or 11 | |
Bankruptcy – | 2 years from discharge date |
Chapter 13 | 4 years from dismissal date |
Multiple | 5 years if more than one filing within the |
Bankruptcy | past 7 years |
Filings | |
Foreclosure | 7 years |
Deed-in-Lieu of | 2 years – 80% maximum LTV ratios(1) |
Foreclosure | 4 years – 90% maximum LTV ratios(1) |
Preforeclosure | 7 years – LTV ratios per the Eligibility |
Sale | Matrix |
Short Sale |
I hope you have a good day today, and a good week. Thanks for reading! Brett
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