When is a foreclosure "complete" for FHA?

[suek]

Anyone know when a foreclosure is considered "complete" for FHA purposes?
My house was sold at auction in August 2012, but not actually recorded until Sept 2013.

Which date is considered complete?

Thanks!

Sue

[tobee43]

when i talked to them a few weeks ago they said it's from the time the government pays back the loan to the lender and then gets put into their system, meaning who the heck knows!!

on a foreclosure with fha the lender must first go through foreclosure, submit the claim to the FHA for the remaining amount owed to them and then it starts for you.

however, and again, you can get off that naughty list:

What if You Turn Up on CAIVRS?

However, if your name is listed on CAIVRS and you are delinquent on federal debt or have had a claim paid in the last three years on any government loan, you will not be eligible for financing. To apply for a government mortgage, you'll have to repay the debt in full or enroll into a repayment plan. If your plan is approved, you must furnish a written copy of the plan from the creditor agency. Federal IRS tax liens may remain unpaid as long as the IRS is willing to subordinate its debt to the new mortgage.


Exceptions to CAIVRS

Exceptions to this policy may be granted in the following situations:

Assumptions: If you sold property with a government-guaranteed loan, with or without a release of liability, to a buyer who later defaulted and you can prove that the loan was not in default at the time of the sale, you are eligible for a mortgage.

Divorce: You may retain your eligibility if the divorce decree or legal separation agreement awarded the property and responsibility for payment to your ex. However, if the mortgage was already in default at the time of your divorce, you are not eligible.

Bankruptcy: When the property was included in a bankruptcy that you can prove was caused by circumstances beyond your control, such as the death of a principal wage earner, loss of employment due to factory closing, reductions-in-force, etc., or serious long-term illness, you may be eligible for government financing.

How Can You See if You're On CAIVRS?

You can't. CAIVRS allows only authorized employees of participating federal agencies to access its database for the purpose of pre-screening direct loan applicants for credit worthiness, and only permits approved private lenders to access the database for pre-screening applicants for federal

if you think you might be on CAIVRS, your best bet is to have a HUD-approved mortgage lender check the database for you. Or you can ask the agency or creditor that you think might have reported you (for example, the IRS) if you're in the CAIVRS system and what you have to do to get out.