terms that represent, or try to evoke images or experiences of specific, tangible objects or entities. Concrete terms are usually thought of as opposed to abstractions or generalizations. External conflicts have outside action such as man against man, man against nature, man against fate.
- Borrower must receive servicing transfer statement at least 15 days before effective date of loan transfer-Borrower cannot be penalized for making a timely payment to prior servicer within 60 days of loan transfer-Records must be retained for 3 years for revised GFE; for 5 years for HUD-1s, escrow accounts, and AfBAs.
Derogatory credit and the time that needs to elapse since an event such as bankruptcy, short sale or foreclosure to complete new financing has been a common question. In summary FNMA/FHLMC, FHA, VA & USDA's guidelines are listed below. A two year waiting period is required since the date of discharge of Bankruptcy. NOTE: Must use sale date shown on Trusteeâs Deed for mortgages included in bankruptcy and a 3 yr waiting period from this date will apply. If FHA Mortgage foreclosure, date FHA paid the claim is required. Call HUD to verify when that was to move forward. A two year waiting period is required from discharge date.