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Updated almost 15 years ago,

User Stats

206
Posts
44
Votes
Dave Grosse
  • Wholesaler
  • Belleville, IL
44
Votes |
206
Posts

FHA says they won't do teh deal if owner has filed bankruptcy before?

Dave Grosse
  • Wholesaler
  • Belleville, IL
Posted

so the negotiator from BOA told me yesterday that if the homeowners had ever filed a bankruptcy, then they would be dis-qualified form the HUD pre-foreclosure program and therefore the deal is dead. HAs anyone come across this before? and does this rule apply of the homeowners did file and complete a bankruptcy but did not include the house?

BTW BOA knew they had filed bankruptcy when we started with them LAST MAY - they even had us send in the discharge papers so they could move forward (at a snail's pace)