For people who had a bankruptcy,
If a mortgage debt has been discharged through Bankruptcy, even if a foreclosure action is completed afterwards, only the Bankruptcy seasoning period will apply.
a property with Acme Mortgage is surrendered in a Bankruptcy that was Final on 7/1/2010
but the Certificate of Title on the Foreclosure action was not done until 12/1/2012.
In this case, the Client can make application for a purchase or refinance transaction after 7/1/2014 instead of waiting until 12/1/2019.