Hi,
We were discharged in from our Chapter 7 bankruptcy in January of 2013. Our mortgages were NOT reaffirmed. We subsequently short sold our home and the mortgages came out of our name in January of 2014. My question - based on current Fannie Mae guidelines, can we get a conventional mortgage in January 2017 (4 years following our discharge date) or do we need to wait until 4 years following our short sale date which is January of 2018)? I'm a little confused. I know we will be eligible for FHA in January 2017, but want to see if we have additional options.
thanks!
We were discharged in from our Chapter 7 bankruptcy in January of 2013. Our mortgages were NOT reaffirmed. We subsequently short sold our home and the mortgages came out of our name in January of 2014. My question - based on current Fannie Mae guidelines, can we get a conventional mortgage in January 2017 (4 years following our discharge date) or do we need to wait until 4 years following our short sale date which is January of 2018)? I'm a little confused. I know we will be eligible for FHA in January 2017, but want to see if we have additional options.
thanks!