Unfortunate the pmi doesn't fall of.

Unfortunately this seller backed out at the last minute, so the deal never went through. 

Unfortunately, there aren’t any classes offered nearby so I would need to travel.

Unfortunately, all the rules and percentages are not reality in every market.  

Unfortunately due to your X number of late payment you do not qualify for the opportunity to transfer under our policy.

Unfortunately I do not have any good recommendations currently.

Background noise tells you a bit about circumstances in the household.

The key is to reestablish acceptable credit, without doing that your bankruptcy can be 5 years ago and you still won't qualify. 2 years is the minimum, it is not an automatic ticket to qualification.Any lender looks to the reason for the BK, if it was due to circumstances beyond your control (medical bills, sometimes a divorce) the 2 year mark may be used.If the BK was due to your financial mismanagement, you just bought stuff you couldn't pay for, you're looking at 3 yearsA foreclosure is the kiss of death for 3 years not 2.

It is unfortunate some people want to put fear out there that we shouldnt do what we do.

Then the blind lead the blind and good intentions can fall onto unfortunate outcomes.The negative equity here makes the Sub2 a hope rather than a strategy IMO.