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FHA RED FLAG Issue!!
Hey BP community! So recently i was trying to get FHA approved through a broker for a SFH then I was told there was a FHA red flag for a foreclosure on my name in a database. The foreclosure was on my first house with my ex wife, when we got divorced according to the divorce agreement, she got the house and the responsibility was hers even though my name was still on the mortgage but she let the house get forclosed on about 2 years later. So feel I shouldnt be responsible by that foreclose because it was agreed and signed in court that I had no claim or responsibility for the property. I send proof to the broker and underwriter but now awaiting their response but would like some feedback from the knowledgeable BP community. Also, if this is a FHA RED FLAG does this means I can still get a conventional loan if FHA blocks my application? Thanks y'all!!