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Prior Derogatory Credit Event – Borrower Eligibility

PRIOR DEROGATORY CREDIT EVENT – BORROWER ELIGIBILITY

[real3dflipbook id=”22″] To be eligible for a mortgage loan, Fannie Mae requires borrowers to demonstrate that they have re-established credit following a significant derogatory credit event, such as a foreclosure, bankruptcy, preforeclosure sale (commonly known as a short sale), or deed-in-lieu (DIL) of foreclosure. Fannie Mae has minimum waiting periods that must be met before […]

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