Posted on: 09th Oct, 2013 08:29 pm
I was told by paying a negotiated amount in full for my HELOC that the date of foreclosure counts from the date I paid this loan, not the date the primary mortgage actually foreclosed. Is this accurate? My mortgage broker told me this when I requested a FHA preapproval.
Hi Madison!
Welcome to the forums!
As far as I know, the date on which the primary mortgage was actually foreclosed will be considered by the lender. You should get in touch with the FHA lender and try to clarify the matter.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
As far as I know, the date on which the primary mortgage was actually foreclosed will be considered by the lender. You should get in touch with the FHA lender and try to clarify the matter.
Feel free to ask if you've further queries.
Sussane