Options For Mortgage Post-foreclosure And New Hardship


LoanSafe Member
Jan 4, 2010
Bay Area, California
My husband and I walked away from a home 5 years ago. We moved back to our first home which we had used as a rental. Foreclosure was in April 2013. Current mortgage is adjustable. My husband recently passed away and I'm wondering if that qualifies me for any special programs.

Thank you!


Moe Bedard

Call 1-800-779-4547
Staff member
Loan Safe Mortgage
Aug 10, 2007
Southern California
Hello Margret,

My understanding is that you would have to qualify for a loan modification with your income only. Unfortunately, there are no mortgage programs that I know of to help people with their mortgage after a spouse dies.

Do you have children who can help?

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
Jan 14, 2011
San Diego, California
Hi Margaret,
Moe had some very valid points above.

I'd like to ask you what your goals are? Are you looking to refinance the property that you are currently living in or are you interested in purchasing a new home?

Based on what you mentioned above, your FC took place in April, 2013 which is now almost 5 years old. Being that the FC is 5 years old options open up that can be very attractive.

Here are some things I would like to mention:
  • You will have to qualify using your income & credit alone
  • FHA allows financing 3 years after foreclosure
  • If you're seeking a loan amount above FHA limits we have a program that starts at 10% down
Please let us know how we can help reach your goals.