Zillow Advice: FHA and VA Loans - What is the real date FHA uses for the marker of the 3 yr. waiting period after a foreclosure? http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ Zillow Advice | Zillow Real Estate It is 36 months from the ... http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ It is 36 months from the actual transfer of title back to the Trustee. Fri, 09 Mar 2012 19:04:00 GMT http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ 2012-03-09T19:04:00Z Thank you for the answers ... http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ Thank you for the answers - It was a conventional loan, so I don't think the&nbsp;CAIVRS system is applicable. &nbsp;I &nbsp;have read the HUD section mentioned and still do not find any concrete language regarding the passage date of foreclosure on a conventional loan. &nbsp;There is a four month time period between the petition to auction at sheriff sale and the actual sheriff sale. Is it a "best call" by the FHA underwriter? Fri, 09 Mar 2012 02:13:00 GMT http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ 2012-03-09T02:13:00Z You may be able to buy sooner ... http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ You may be able to buy sooner because it looks like you can show extenuating circumstances which led to the foreclosure.&nbsp; Here's what HUD says:<br/><br/>"D. Previous Mortgage Foreclosure. A borrower whose previous<br/>principal residence or other real property was foreclosed or has<br/>given a deed-in-lieu of foreclosure within the previous three years<br/>is generally not eligible for a new FHA-insured mortgage. However,<br/>if the foreclosure was the result of documented extenuating<br/>circumstances that were beyond the control of the borrower and the<br/>borrower has re-established good credit since the foreclosure, the<br/>lender may grant an exception to the three-year requirement.<br/>Extenuating circumstances include serious illness or death of a wage<br/>earner, but do not include the inability to sell the house because of<br/>a job transfer or relocation to another area."<br/><br/>Found in HUD's Handbook 4155.1 Chapter 2.&nbsp; This is paragraph D between Chapters 2 and 3.<br/> Thu, 08 Mar 2012 22:43:00 GMT http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ 2012-03-08T22:43:00Z What type of mortgage was ... http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ <p>What type of mortgage was it?.<br/><br/>If it was an FHA loan, the date is actually the day FHA paid the claim to the lender whom you made the payments to prior to defaulting.&nbsp; Generally 2 to 3 months after the sherriff's sale date is when your CAIVRS will be cleared.<br/><br/><br/></p> Thu, 08 Mar 2012 22:25:00 GMT http://www.zillow.com/advice-thread/What-is-the-real-date-FHA-uses-for-the-marker-of-the-3-yr-waiting-period-after-a-foreclosure/434493/ 2012-03-08T22:25:00Z