Bankruptcy and FHA Loan

Bankruptcy and FHA LoanBankruptcy and FHA Loan
RichEventNN asked 5 years ago

So here’s a question – most of you know I had a Ch. 7 BK discharged in 02/2013… Included was an FHA Mortgage with BofA. We did not reaffirm but am keeping the home by making monthly payments.

My question is this. Everything I have read is that for new FHA eligibility, it is a minimum of two years from discharge. It mentions nothing of the discharged property. I was under the impression that eligibility is based on when the deed changed hands, but, that is only on short sale/foreclosures.

I read this directly from the HUD manual so I am not sure which is right. Here is the HUD link…

http://portalapps.hud.gov/FHAFAQ/controllerServlet?method=showPopup&faqId=1-6KT-18

Thoughts?

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