FAQ’s: FHA Back to Work

Buy within 1 year of BK,Short sale,Dee In Lieu,Foreclosure

1) Taxable income needs to have dropped 20%+  before the Bankruptcy,Short Sale,Deed In Lieu,Foreclosure.Lets say BK was in 2013,was the taxable income in any one preceding year 20%+ less than the immediate previous year .

2)Satisfactory Credit should have been re-established .

More details here

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