This has been a hot topic around my office lately so I thought I would help educate anyone that is experiencing problems with previous foreclosures, short sales, bankruptcy...etc.
The seasoning periods for HARP Refinances follow the same as conventional loans.
Foreclosure - 7 years from deed transfer date
Short Sale - 4 years
Deed-in-Lieu - 4 years
Bankruptcy Chapter 7 or 11 - 4 years
Bankruptcy Chapter 13 - 2 years from discharge date or 4 years from dismissal date
Hopefully this helps answer any questions in regards to how long it will take before you can obtain financing through this program. If you have any questions please don't hesitate to ask.
The seasoning periods for HARP Refinances follow the same as conventional loans.
Foreclosure - 7 years from deed transfer date
Short Sale - 4 years
Deed-in-Lieu - 4 years
Bankruptcy Chapter 7 or 11 - 4 years
Bankruptcy Chapter 13 - 2 years from discharge date or 4 years from dismissal date
Hopefully this helps answer any questions in regards to how long it will take before you can obtain financing through this program. If you have any questions please don't hesitate to ask.