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Loan Professor, Can You Help With This Question

The last post in this topic was posted 3185 days ago. 

 

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While reading this link yesterday, I have another question that pertains to Bk/Foreclosure purchase

http://creditboards.com/forums/index.php?showtopic=483142

 

My question is if OP had started the clock to be eligible in June 2012, could they be prequalified in May and get actual loan in June or would they have to wait until July to start the process. Or, could they start the process in June? Just trying to get a clearer picture. Thanks.

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While reading this link yesterday, I have another question that pertains to Bk/Foreclosure purchase

http://creditboards.com/forums/index.php?showtopic=483142

 

My question is if OP had started the clock to be eligible in June 2012, could they be prequalified in May and get actual loan in June or would they have to wait until July to start the process. Or, could they start the process in June? Just trying to get a clearer picture. Thanks.

automated UW will go off of the date listed in the credit report any time before the 2 year mark it will deny.

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While reading this link yesterday, I have another question that pertains to Bk/Foreclosure purchase

http://creditboards.com/forums/index.php?showtopic=483142

 

My question is if OP had started the clock to be eligible in June 2012, could they be prequalified in May and get actual loan in June or would they have to wait until July to start the process. Or, could they start the process in June? Just trying to get a clearer picture. Thanks.

automated UW will go off of the date listed in the credit report any time before the 2 year mark it will deny.

 

Thanks for your response but I want to make sure I'm clear,

lets say your name was removed from the title May 2009, is it fair to say you can start the pre-qualification process June 2013 or before?

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You could but I would try in June 2012 - :grin:

any time after the actual date that is marked on your report - is allowed by the system NOT before then

if it is May 15th then May 16th should work

 

Understood and thank you for reply . . . !

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