• ¡Welcome to Lending Network!
  • America's Fastest Growing Loan Scenario Online Forum
Hello There, Guest! Login RegisterLogin with Google+


Welcome to Lending Network! America's Number One Loan Scenario Help Center For The Public Join Our Lending Network Online Community Forum And Ask Your Loan Case Scenarios To Our Moderators & Real Estate Professionals.
It takes seconds to become a member. Lending Network was created and launched as a mortgage, real estate, and credit information center for the general public to utilize it as a loan scenario help desk online community forum.

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Waiting period on Timeshare Foreclosure
#1
There is no waiting period on a timeshare foreclosure. Many mortgage lenders do have the same waiting period on timeshare foreclosures but that is not a FHA guideline. Mortgage lenders that have waiting period after foreclosure on a timeshare do so because they either do not know the FHA guidelines on Timeshare foreclosures or because they have their own mortgage lender overlays on waiting period after foreclosures on timeshares. Timeshares are viewed as consumer loans under the eyes of HUD, the United States Department of Housing and Urban Development which is the mother of the Federal Housing Administration, FHA.

Here is a recent blog article I have published on waiting period after foreclosure on Timeshares.
http://gustancho.com/timeshares-2/

 
Reply
  


Forum Jump:


Browsing: 1 Guest(s)