Condo included in Chp 7...no foreclosure on credit report?

[Discharged09]

Ok, so my Chp 7 was discharged in October of 2009. I included a condo that I was way underwater in at the time as well. Well, it's been over 2 yrs since my discharge and I know to obtain a new mortgage it is 3 yrs from the actual foreclosure of my old condo. Funny thing is that the condo HAS NOT been foreclosed on yet. I talked to a mortgage broker about getting another mortgage and he said as long as "foreclosure" does not appear anywhere on my credit report, I should be good. Does this sound right? I just looked at my report and all three of the credit agencies just list the property as included in bankruptcy, no foreclosure anywhere. Now obviously when the underwriter goes to check public records, he/she will still see my name attached to that old property. However, will they just look to see if I could technically afford the payments on my old condo and new mortgage since it's not listed as a foreclosure?

I'm not getting my hopes up by any means, this is just very confusing and most people in the industry can't even give a straight answer. Thanks in advance if anyone can shed some light for me!

[jribe]

Hi,
I just ran into this myself - with a old timeshare. It doesn't show anywhere on my credit report, but when a public record search was done it shows that i did a deed in lieu in 2009 and it was reconveyed in 2010. I was denied an FHA loan because it has to be 3 yrs past the 2010 date.