Question I have searched for and just cant seem to find a definitive answer. (Maybe there isn't one)
Does anyone know how an FHA loan application is considered if you "stay and paid" after a chapter 7 discharge without a foreclosure? Say 3-4 years after discharge.
I know the FHA wait is 2 years after a chapter 7 and also 3 years after a foreclosure. Time starts once the foreclosure is complete.
What if you completed the chapter 7, stay and paid on a discharged mortgage and then applied for a new FHA mortgage after waiting the 2 years post BK?
How would the current, unreported mortgage be dealt with at underwriting? Any ideas?