This chart comes from Dean Wegner, a good friend of mine. I met Dean years ago while networking to grow DEL. Dean has appeared on TV quite a few times, providing commentary for local news here in Phoenix.
Dean works for Guaranteed Rate, a mortgage broker and has given me permission to share his Waiting Period Matrix, which shows how long you have to wait until you can get a home loan after a foreclosure, bankruptcy or a short sale.
Dean also wrote a book called “Life After Foreclosure” and is also getting refinances done under the HAFA refinance plan under Making Home Affordable.
I know there are a LOT of people who worry about their credit rating and how long it will take to rebuild after a financial disaster.
By the way, I don’t make anything if you decide to use Dean’s services — he might invite me to happy hour and buy me a drink, but I don’t make any profits from sharing his information with you. Similarly, I also can’t guarantee that he’ll be able to help in your specific situation or make any guarantees about his services. If you have questions, contact Dean directly at 602-432-6388 or visit his website at the link above.