If you are thinking about buying a home after going through a financial hardship, one thing that you may want to be aware of is that Underwriters will consider your situation differently if you went through an "extenuating circumstance" when you had your hardship. If you were experiencing an extenuating circumstance during your hardship, lenders may shorten the waiting period that you have to wait after a short sale or foreclosure. In order to qualify for an extenuating … [Read more...]