How can I get a loan after a short sale?

Tips and Deals Forums Home Mortgage How can I get a loan after a short sale?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 12 months ago.

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    Anonymous

    In December of 2010 I did a short sale on my house and paid my lender at that time (Sovereign Bank) 44k to get rid of my house. I am now looking to purchase a new house but am being told that I cannot get another mortgage loan due to having done a short sale and have to wait 2 years from the date of short sale.*

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    The short sale is on my reports as “Settled for less than full amount” or something along those lines.

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    Is it possible to get that changed to “Paid in full”? If yes, how can I go about doing that. Also, if it is possible to change it to paid in full, will that still count as short sale or will I be able to get a new loan?

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    Any help/advice will be appreciated, I am trying to get a new mortgage loan. Besides this short sale, I have a spotless credit history.

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