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Updated almost 15 years ago,
FHA says they won't do teh deal if owner has filed bankruptcy before?
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)