GOT foreclosure or bankruptcy?

It's not the end of the world after a foreclosure, short sale or bankruptcy. There are just certain time periods and specific loans that must be considered when obtaining a mortgage:

Rough breakdown for Conventional Loans:
-Foreclosure: 7 years
-Short Sale: 3 years
-Bankruptcy: 4 years

Rough breakdown for FHA/VA loans:
-Foreclosure: 3 years
-Short Sale: 3 years
-Bankruptcy: 2 years

*I can email you a more detailed scenarios


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