Originally Posted by sperbonzo

of course it would not be not be a conventional, or FHA loan, however, underwriters (institutional and noninstitutional), have now set up many guidelines in FL to securitize loans that will NOT rape you as badly as was once the case.

I would NOT reccomend filing BK, and if you really work on fixing your credit over the next several months, and then the first two years of the loan, you can refi and get good terms.