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3 years ago

If the borrower has a previous foreclosure, can he use FHA to purchase a new home?

Business

1 answer:

snow_tiger [21]3 years ago

6 0

Answer:

Yes he can use FHA

Explanation:

Because FHA Loans are the most forgiving of foreclosures. To qualify for an FHA mortgage loan, you must wait at least three years after the foreclosure. The three year clock starts ticking from the time that the foreclosure case has ended, usually from the date that you prior home was sold in the foreclosure preceeding. If the foreclosure also involved an FHA loan, the three year waiting periods starts from the date that FHA paid the prior lender on its claim

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Svetllana [295]

Answer:

Following are the responses to the given question:

Explanation:

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3 years ago

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MAVERICK [17]

Answer:

Social Cognitive Perspective.

Explanation:

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3 years ago

The office building Donna owned and used for her desk-top publishing business was destroyed by a hurricane. Although the basis o

Anna35 [415]

Answer:

Donna made a realized gain of 8,000 dollars

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Explanation:

realized gain:

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3 years ago

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Answer:

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3 years ago

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DedPeter [7]

Answer:

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3 years ago