If I have a warranty deed in lieu of foreclosure on a timeshare, will I be able to get a mortgage loan? Is a timeshare foreclosure the same as a foreclosure? Can I get a mortgage with a timeshare foreclosure? What is one disadvantage of a deed in lieu foreclosure?

Does a deed in lieu of foreclosure affect credit? What benefit would an owner get from a deed in lieu of foreclosure? What might prevent an Arizona lender from accepting a borrower’s deed in lieu of foreclosure? What is a major disadvantage to lenders of accepting a deed in lieu of foreclosure? Why do lenders prefer a deed in lieu of foreclosure to a foreclosure?

• This discussion was modified 4 months, 2 weeks ago by  Sapna Sharma.

Can I get approved for a mortgage loan after a timeshare foreclosure with no waiting period? Many lenders say I cannot qualify and get approved for a mortgage after a timeshare foreclosure and need to wait three years for FHA loans and seven years for conventional loans.