March 25th, 2014 9:18 AM by Eric Fang
Borrower is able to get loans now as long as two years passed.
For foreclosure, it needs 7 years.
If the borrower is over 1 year foreclosure(or short sale), and still needs a loan, then 45% down payment is needed. For regular loans, foreclosure needs 7 years, shortsale 2 years history.