Minimum of 2 years from Chapter 7 or 13 bankruptcy discharge Minimum of 3 years from Preforeclosure, short sale, deed in lieu, foreclosure from discharge date or release date.Down Payment Requirements The borrower is required to make a minimum down payment into the transaction of at least 3.5% of the lesser of the appraised value of the property or the sales price.

Minimum of 2 years from Chapter 7 or 13 bankruptcy discharge Minimum of 3 years from Preforeclosure, short sale, deed in lieu, foreclosure from discharge date or release date.Down Payment Requirements Minimum down payment into the transaction of at least 3.5%.

If a seller's mortgage has been discharged via CH7 BK and they sell the home subject to existing financing and sign the title over to the buyer, how would this be viewed by underwriters when they try to get a new loan?  

I was discharged out of Chp 7 Bankruptcy in Aug. 07.

I'm excited to meet local investors in the Twin Cities area that can help guide me on this long and treacherous journey.A Little background on myself-One year ago yesterday, I was honorably discharged from the Marine Corps after 8 years and 7 months of duty.

They weren't as extensive on requesting info - guild asked me for TONS of stuff like college transcripts, prev address verification, bankruptcy discharge, etc.While it's annoying, I'd rather have that done up front instead of going to closing and getting that "oops, we need all this to close"I'd love to get a duplex actually!

If the bkry has been discharged, finalized they are fine from this angle, they can't take bkry again for 7 years, at least the same type, so in that respect they are a better risk than someone who has not gone there.

If they are not on the lease but living there and the kids move you can't "just kick them out".Personally I allow discharge BK.

There is going to be a lot of this in CT / MA / NY as eviction moratoriums finish up and landlords in these states can begin evictions - most realizing they will never get a dime in back rent.More info: "According to the IRS, if a debt is canceled, forgiven or discharged, you must include the canceled amount in your gross income and pay taxes on that income unless you qualify for an exclusion or exception.

It is a housing voucher program ONLY for honorably discharged military veterans who have fallen on difficult times.