Life After A Short Sale

Keywords:  Buy Home Short Sale Foreclosure

You CAN buy a home after a short sale or foreclosure, and it might not be as hard as you think.

A typical VA or FHA loan allows you to obtain financing for a new home purchase in as little as two years after a short sale or foreclosure.  It’s true!

I have already sold homes this year to clients who have done just that… purchased in as little as 2 years after such an event.

With a VA loan (must be an eligible veteran), you may  be able to purchaser with “no money down” two years after a short sale or foreclosure.

An FHA loan requires a minimum of 3.5% of the purchase price as a down payment (although this can come from gift funds), and you’d have to wait 3 years to be eligible for a home purchaser.

Granted, since the short sale or foreclosure, you would have to work to get other debts paid on time, and outstanding debt reduced, maintained a solid rental history, and have income to support the new mortgage.  But, yes, Virginia there is LIFE AFTER A SHORT SALE OR FORECLOSURE!

Actually, I have been contacted by a reporter who would like to interview a few people who have used FHA to purchase after either a short sale or foreclosure.  Is that you?  Are you willing to be interviewed?  Let me know!  I can connect you… [email protected]

If you had a short sale or foreclosure and are interested in buying again before prices of home get much higher, I can help connect you to a great lender to get you started!  You can reach me at 703-669-3142 or [email protected].

Buy Home Short Sale Foreclosure

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