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Typically, most creditors do not want to see default in the last 12 month, the main reasons being that they want you to have an installed capacity to fulfill and pay back any debt or credit you take out, and that no default in the last 12 month is an indication of this.
As you can see in only the 3 above instances, creditors have very different very different searches, and some will assess default in very different ways. However, other mortgage financiers look at standard settings, depending on their amount and also how new they were. many will have some sort of betlimsh on their credit statements, from a late mortgage loan or failed mortgage payout to default settings.
Are you getting a mortgage with default settings? Helping many individuals with bad debts in their credit files to get a proper mortgage, credit could be limited, and you need to begin to think about having at least a 20% down payment if you have recent bad debts, up to a lower down payment if your bad debts are over 3 years old and were low anyway.
Usually they demand a great deal of cash within a relatively small amount of space of time, which is not practical for most individuals. May I still get a default mortgage?