Tuesday, March 19, 2013
When can you buy again after a short sale or a foreclosure?
Most banks won't approve you for a mortgage for 2 years after a short sale and 3 years after a foreclosure. Many people who had these issues a fews years ago can now consider buying a home. If you fall in this cateogry, call me and I'll help you determine if this is a good time for you. Prices and interest rates are still low but slowly going up. Now can be a great time to buy a home.
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You don't have to wait forever after short sale. You can buy a new home in less than 2 years. I did!
ReplyDeleteMy Realtor turned me on the the Flexible Credit Loan, http://www.cfsflex.com. It seemed too good to be true, but I got approved and now have a pending offer, even after my short sale less than two years ago. Big banks said it could not be done.
Obviously it can.