Can you skip the waiting period after foreclosure if you co-sign the mortgage?

NO.... there is no way to waive a waiting period for a foreclosed home, it doesn't matter what the circumstances were. If you co-signed, you made a commitment that if the borrower could not make the payments, you would.. If you didn't, then even if you were the cosigner, you will still have a foreclosure on your credit report. So a couple of things to think about,,, the waiting period starts from the date the property was taken out of your name.. Not the day you gave it back, or moved out.. And for FHA it's 3 years.. There is some talk that FHA will reduce or remove the waiting period for foreclosure and short sales, however nothing solid as of yet.. Stay tuned... Also, if your thinking that getting a solid co signer would help,,, it won't.. Co-signers do not help bad credit borrowers, it only helps no credit or low income borrowers get approved.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Minimum of 3 year waiting period.

No. You were on the loan so you were foreclosed on just the same and must wait the 3 years to get a new loan.

There may be someone willing to underwrite an FHA/VA loan with extenuating circumstances. It would be very difficult but might be worth your time to look into it assuming you have one."Previous Mortgage Foreclosure. A borrower whose previous principal residence or other real property was foreclosed or has given a deed-in-lieu of foreclosure within the previous three years is generally not eligible for a new FHA-insured mortgage. However, if the foreclosure was the result of documented extenuating circumstances that were beyond the control of the borrower and the borrower has reestablished good credit since the foreclosure, the lender may grant an exception to the three-year requirement. Extenuating circumstances include serious illness or death of a wage earner, but do not include the inability to sell the house because of a job transfer or relocation to another area."

You can purchase a property with a private money loan or stock/asset based loan. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

NO. Technically there is no such thing as a co-signor. You were an owner, with all rights - and in this case, all negative items too.

NO