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Is it possible to get a mortgage after having a deed in liue 2 yrs ago?

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Icon Mini Profile kmurphy





Joined: 05 May 2009

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Post Posted: Tue May 05, 2009 6:27 am    Post subject: Is it possible to get a mortgage after having a deed in liue
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We have been trying to get a loan for a house but are being turned down because we have a deed in liue that is 2 yrs old. They are treating it like a foreclosure. Why is that? We did the deed in lieu to avoid the foreclosure!
Icon Mini Profile executivemortgageadvisor
executivemortgageadvisor


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Joined: 16 Mar 2008

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Location: Indianapolis, IN
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Post Posted: Tue May 05, 2009 7:37 am    Post subject: Deed in Lieu
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It must be 3 years for FHA.
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Southwest Funding, LP Branch 777 is Indianapolis's No.1 FHA Lender, whether you are a First Time Buyer or Move-Up Buyer. Need to Refinance or Renovate.
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