Zillow Advice: Rent vs. Buy - I lost a home to foreclosure financed thru VA about 10 yrs ago..When can I buy another home?

any other kind of loan however, ...

Fri, 22 May 2009 10:32:00 GMT

any other kind of loan however, you would be good to go right now

edit to clarify:

this happened 10 years ago? or this happened recently and the loan was just 10 yrs old?

its 4 years for most loans and 5 years from the date of bankruptcy for FHA

all this occured 10 yrs ago.. ...

Fri, 03 Jul 2009 21:21:00 GMT

all this occured 10 yrs ago.. i recently got myself a credit report and it's not listed in there. I never filed for bankruptcy.

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Fri, 03 Jul 2009 12:47:00 GMT

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My prior VA loan was assumed, ...

Fri, 22 May 2009 10:31:00 GMT

My prior VA loan was assumed, the assumer defaulted on the loan, and VA paid a claim to the lender. VA said it wasn't my fault and waived the debt. Now I need a new VA loan but I am told that my used eligibility can not be restored. Why?

Or,

Q: My prior loan was foreclosed on, or I gave a deed in lieu of foreclosure, or the VA paid a compromise (partial) claim. Although I was released from liability on the loan and/or the debt was waived, I am told that I cannot have my used eligibility restored. Why?

A: In either case, although the veteran's debt was waived by VA, the Government still suffered a loss on the loan. The law does not permit the used portion of the veteran's eligibility to be restored until the loss has been repaid in full.

linky

Hello I let someone ...

Fri, 22 May 2009 10:17:00 GMT

Hello

I let someone else take over payments for my home, needless to say they didn't make a single payment. My home was financed thru a VA loan. How long do I need to wait until all this clears up and I can move forward towards purchasing another home? Can I re-apply for VA loan?