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August 24, 2009 at 10:51 PM #449301
Effective Demand
Participant

As I understand it (talk to a mortgage pro, I am not) with FHA you can purchase immediately if the shorted mortgage wasn’t a FHA mortgage and there were no mortgage lates.

Not every lender would take you and there may be other underwriting guidelines that you would need to look out for. Talking to several FHA experts would be the way to go.