Get a mortgage after foreclosure, bankruptcy

'Cry letter' to lender can reduce waiting period

By Inman News Feed
Add Comment Add Comment | Comments: 1 | Posted May. 23, 2011

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There are a few FHA lenders who are as liberal as FHA, but charge rates and points well above those posted by other lenders. They are the subprime lenders of the post-crisis market, and should be avoided if at all possible.

The writer is professor of finance emeritus at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.

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1. Roy Bush said... on Jul 14, 2013 at 05:05PM

“I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. I introduced a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again.”

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