Posted on: 08th Oct, 2010 01:38 pm
My Husband and I filed Bankruptcy 22 months ago. We included our home in the chapter 7 filing. Is this considered strickly a bankruptcy or will it be also considered a foreclosure? Will we have to wait 3 years before we can qualify for a Fha loan or will it be the 2 years required for bankruptcy?
Welcome mrshardy,
You have included your property in the bankruptcy filing, thus it won't be considered as a foreclosure. After you receive a discharge from your bankruptcy filing, you'll have to wait for 2 years in order to qualify for a FHA loan.
You have included your property in the bankruptcy filing, thus it won't be considered as a foreclosure. After you receive a discharge from your bankruptcy filing, you'll have to wait for 2 years in order to qualify for a FHA loan.