FHA 3 year post Foreclosure Requirement

I know this is only loosely related to Short Sales, but I thought I would throw it out there. I have heard that there are cases that HUD will allow for a variance on the requirement of lending on an FHA loan that 3 years needs to pass after a Foreclosure. I have heard they sometimes are willing to shorten it to 2 years if you can prove legitimate financial hardship. Some people say yes that is the case and I hear from others that they won't. Anyone out there with any personal experience with this?

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Permalink Reply by Kevin - Greenville, SC on December 31, 2011 at 6:47am

http://hud.gov/offices/adm/hudclips/handbooks/hsgh/4155.1/41551HSGH... - Refer to Page 4-C-1

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Permalink Reply by Teresa Simon on December 31, 2011 at 5:41pm

Thanks Kevin for the link.

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Permalink Reply by Mike Ashcraft on January 2, 2012 at 6:25am

Very good link.

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