[CLBS] Need answer from a smart bank attorney

[Leon Rothstein]

FHA rules "season" bankruptcy from discharge date, not filing date.
Borrower can be considered for FHA refinance two years after discharge.

On Wed, Sep 22, 2021 at 3:03 PM Richard Greenwood <
rgreenwood at greenwoodlaw.com> wrote:

> With an intro like that I'm sure the bank lawyers will be falling all
> over themselves to answer.
>
> On 9/22/2021 2:29 PM, Aaron Tolson wrote:
> > Realizing that's an oxymoron, but here's the hypo:
> > Debtor A files a 7 May 1, 2019, Discharged Aug 1, 2019, FHA refinance
> > available now.
> > Debtor B files a 7 May 1, 2019, Discharge delayed till Feb 2020 by
> trustee
> > request, FHA refinance not available till Feb 2022.
> >
> > A&B seem to be similarly situated debtors, same filing date, same case
> > result (discharge) but one can refinance earlier than the other.  What's
> > the rationale behind this?
> >
>
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>


-- 
Leon Rothstein
Attorney at Law
2627 West Idaho Street
Boise, ID 83702
(208) 338-1001
(208) 866-9470 cell
(208) 338-8400 fax

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