2 Thoughts on buy house after short sale?
  1. Reply
    August 11, 2011 at 7:37 am

    Depends on lender
    Depends on how much you have dinged up your credit
    Depends on how much down payment you can save
    From 1-5 years

  2. Reply
    August 11, 2011 at 7:52 am

    Short sales are considered a default or voluntary foreclosure. Fannie and Freddie require 3-7 years before you are eligible for a mortgage. FHA is stating the same but they are more likely to consider if there were extenuating circumstances such as the death of a co-borrower, large medical debts…but it will still be on the 2-3 years before they will consider it.

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