Sentences with phrase «bankruptcy seasoning period»
The fear is that a veteran may be just a few months from the end of their bankruptcy seasoning period only to have their old property get foreclosed upon, kicking off a new two - year wait.
https://hawaii.veteransunited.com/
The fear is that a veteran may be just a few months from the end of their bankruptcy seasoning period only to have their old property get foreclosed upon, kicking off a new two - year wait.
Not exact matches
If you have been through a previous short sale, bankruptcy or foreclosure, there could be a waiting period (known as a «seasoning period») of two to three years before you can qualify for a mortgage.
The short answer is that after Chapter 7 bankruptcy, the borrower must wait out the minimum «seasoning» period plus any additional amount required by the lender — three years in many cases though some lenders may be willing to work with qualified borrowers after the FHA two - year minimum for Chapter 7.