codeorama Posted January 2, 2014 Share Posted January 2, 2014 Just curious, with all the foreclosures and short sales, do people have a hope of getting a mortgage in the future or if you go through either, or are you done? Link to comment Share on other sites More sharing options...
PleaseBlitz Posted January 3, 2014 Share Posted January 3, 2014 Short sales yes (after 4 years have passed) up to 90% ltv with very strong credit otherwise, foreclosures you'll need to wait 7 years, have an otherwise strong application, and a big down payment. And you can always go FHA, I think. Edit: Link to Fannie Guidelines: https://www.fanniemae.com/content/guide/sel102213.pdf Search for "preforeclosure" which is their term for short sale. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.