Today, we are honored to have Jim Sahnger as a guest blogger. Sahnger is a 20 year veteran in the mortgage industry and is widely recognized for his expertise. His thoughts have been noted in Bankrate.com, Wall Street Journal, MarketWatch, Business Week and Investor’s Business Daily. – The KCM Crew
HUD recently announced that people who lost their home through a foreclosure, short sale or bankruptcy, may be eligible to finance a home again in as little as 12 months. This is a reduction from the previously required minimum of 36 months from the date of the “most recent event.”
Released August 15, HUD provided guidelines under “Back to Work – Extenuating Circumstances” meant to ease the path for home ownership for many.