Some consumers and real estate agents still don’t know about Back to Work. The basic data you need to know is that if you or your client has had a short sale, foreclosure, deed-in-lieu or other real estate loss event, there may still be help for them to get new financing in as little as 24 months. There are a few restrictions: to show they had a dip in income (20%) and maintained credit since the event. The most important step we are seeing people miss on these is that the buyer needs to get the 8 hours of  home-buyer education ( 30 DAYS PRIOR ) to application for the loan. Please let us know if you need help locating a local agency for you to get your buyers into a class.

CLICK HERE to read the official mortgagee letter from HUD

CLICK HERE to find the closest HUD Approved Counseling Agencies

Updated Hud Handbook June 15,2015