I hope you’re having a good week so far!
I want to go over the VA guidelines for Foreclosure, and Bankruptcy.
Here ya go…
| VA | ||
| Short Sale Deed-In-Lieu of Foreclosure Foreclosure | 2 years from completion date If extenuating circumstances exist – 12 months from completion date with re-established credit Note: If the occurrence was on a VA loan, the veteran may not have full entitlement available for the new loan Jumbo: 7 years from completion date | |
| Bankruptcy: Chapter 7 or 11 | 2 years from discharge or dismissal date Note: If bankruptcy was result of a business failure, provide evidence that;
Jumbo: 7 years from dismissal or discharge date | |
| Bankruptcy: Chapter 13 | 2 years from discharge or dismissal date A minimum of 12 months of payments have been made, all payments have been paid satisfactorily and Trustee or Bankruptcy Judge has approved Jumbo: 7 years from dismissal or discharge date | |
That’s it for today.
Thanks for reading!
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…
