Here We Go AGAIN...!!!

 The Federal Housing Administration (FHA) is allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale to reenter the market in as little as 12 months, according to a mortgage letter released Friday.  

Borrowers who experienced a foreclosure must wait at least three years before getting a chance to get approved for an FHAloan, but with the new guideline, certain borrowers who lost their home as a result of an economic hardship may be considered even earlier.When all the B.S. clears it seems a  Promise to Pay is probably all that will be required. 
Here We Go AGAIN...!!!