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This does not necessarily occur after one or more payments are not met but for logistical reasons may occur after a loan is in substantial default â sometimes six months or more past due. This is known as the redemption period. The foreclosure process does not move forward for a minimum of 60 days.
With the FHA Back To Work Program, how soon until I can buy a home after foreclosure? Via the program, you can buy a home 12 months after a foreclosure. With the FHA Back To Work Program, how soon until I can buy a home after a short sale? Via the program, you can buy a home 12 months after a short sale. With the FHA Back To Work Program, how soon until I can buy a home after a deed-in-lieu of foreclosure? Via the program, you can buy a home 12 months after a deed-in-lieu of foreclosure. With the FHA Back To Work Program, how soon until I can buy a home after Chapter 7 bankruptcy?