BK vs. Foreclosure for FHA FinancingI have a client whose Chapter 7 BK was discharged in December, 2009. However, a property on which a mortgage debt was dismissed in the BK is still in the client's name TREE YEARS LATER because of attorney and court delays - through no fault of the client.Does/should the borrower list the property under REO and explain in an "Extenuating Circumstance" letter? He doesn't have to now wait three years after foreclosure, does he? He does not owe anything post-BK.May 30 2013 - Plano0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.