How Long Before You Can Get A Mortgage After A Short Sale

Visit http://North-ScottsdaleRealEstate.com for more information regarding short sales and short pay refinancing.

This video discusses how long you will have to wait after selling your home through short sale before you are eligible for a new mortgage. In the vast majority of situations the waiting period after a short sale is three years. There are some situations where you can get FHA financing almost immediately after a selling your home through short sale. The catch is that you cannot have missed or been late on any payments for 12 months leading up to the close of the short sale. These same requirements would apply to a short pay refi.

Category:

News & Politics

Tags:

• After foreclosure
• After short sale
• Fannie Mae Guidelines
• FHA Guidelines
• FHA Loan requirements
• FHA Loans
• FHA requirements
• North Scottsdale Real Estate
• Steven Stillwater
• Taylor Lapidus
• The Precision Team
• Short Pay Refi
• missing payments
• missing mortgage payments
• short sale mortgage payments

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I havent missed ANY payments in 10 yrs...im currently involved wit a short sale..have a buyer under contract. Wells Fargo is telling me they want me to be 31 days late on my payments before I am approved..I dont want to do this but am having trouble keeping up with the house pmnts....Im gettin sooo many different answer I dont know who is right. Is there a program for me???