Sentences with phrase «foreclosure or short sale during»

More than two million homeowners who experienced a foreclosure or short sale during the recession will see those events drop off their credit reports by summer 2017, widening their opportunity to qualify for a mortgage, according to a recent study by Experian.

The first wave of homeowners who lost their homes due to foreclosure or short sale during the Great Recession are eligible to re-enter the housing market this year.

And households that were forced into foreclosure or a short sale during the housing crisis several years ago could begin streaming back to the market, too.

Not exact matches

The Federal Housing Authority has shortened the mandatory waiting periods for an Kentucky FHA - insured mortgage loan for those who have undergone foreclosure, deed - in - lieu, taken a short sale or declared bankruptcy during the economic recession.

According to a letter sent to mortgage lenders, the FHA said it would offer mortgage insurance to borrowers who, during the recession, filed for bankruptcy or lost their homes through a foreclosure or short - sale proceeding.

Homeowners who lost their homes to either a foreclosure, short sale or had a bank «forgive» part of their mortgage principal (this could have occurred during a loan modification) used to have to pay income taxes on any money that their lender agreed to write off.