Derogatory Event | Waiting Period Requirements |
Bankruptcy—Chapter 7 or 11 | 4 years |
Bankruptcy—Chapter 13 | 2 years from discharge date, or 4 years from dismissal date |
Multiple Bankruptcy Filings | 5 years if more than one filing within the last 7 years |
Foreclosure | 7 years |
Mortgage Modification | 4 years |
Short Sale(Deed in lieu of foreclosure) | 2 years |