Extenuating Circumstances on Home Loan

One of the MOST common conversations I find myself in today is about whether or not the circumstances that led to a prospective home buyer's bankruptcy, foreclosure or short sale will be deemed "extraordinary" or "extenuating."  Why?  Extraordinary or extenuating circumstances can help a prospective home buyer qualify for a new mortgage prior to the standard post short sale, bankruptcy or foreclosure waiting periods outlined in mortgage guidelines.  For example, the standard waiting period for a … [Read more...]