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Tag Archive | "FHA"

If I do a Short Sale, how long until I can buy another house?

Saturday, May 22, 2010

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If I do a Short Sale, how long until I can buy another house? Fannie Mae on conventional loans up to $417,000 has finally addressed the issue of buying after a short sale. The following guidelines are effective after July 1, 2010: • Two year wait with 20% down • Four year wait with 10% [...]

Can I do a Short Sale with a FHA, HUD or VA Mortgage?

Thursday, May 13, 2010

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Can I do a Short Sale with a FHA, HUD or VA Mortgage? Yes, our experience shows that we can Short Sale a home that has any of the above mentioned loan types. Each type of loan, as well as each bank, have different criteria and systems in place for accepting a Short Sale.

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