Buy after Bankruptcy, Foreclosure or Short Sale!

HUD Announces a Program for shorter waiting period after Bankruptcy, Foreclosure, and Short Sale! The waiting period after a bankruptcy, foreclosure, or short sale had been reduced to just ONE YEAR from the event. The program requirements* are:

• Purchase Transactions Only.
• Housing counseling must be completed 30 days prior to loan application.
• The bankruptcy, foreclosure, or short sell MUST be related directly to the loss of a job or  a 20% income reduction for the last 6 months.
• Credit must have been satisfactory before the bankruptcy, foreclosure or short sale and be satisfactory for a minimum of 12 months after the event. 

(*Program retirements may change)

You can learn more about these new requirements by contacting:

This is for informational purposes only and should not be relied upon by you. RE/MAX Metro is not a mortgage lender. Contact Veritas Funding directly to learn more about its mortgage products and your eligibility for such products.  Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Veritas Funding, NMLS# 252108.