Here’s a way to possibly reduce the foreclosure seasoning requirements on a conventional loan.
If you open up the Conventional Loan underwriting guidelines and look up foreclosures it will say you have to wait 7 years before you can get a loan.
A possible way around this is to let me run your file through the automated underwritng engine.
I’ve seen the engine give approvals for people at 4 or 5 years out of a foreclosure.
…and, if it gives an approval at 4 years we can do the loan!
Brett
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