How to Get a Loan After a Short Sale?

Answer You may have had a short sale but that doesn't mean you can't get a new home 2 years later.

Top Q&A For: How to Get a Loan After a Short Sale

How long do you have to wait after a short sale before you can get another loan?

According to HUD's Mortgagee Letter 09-52, if you were not current on your home mortgage at the time of the pre-foreclosure sale, you are not eligible for a new FHA-insured mortgage for three years... Read More »

Will My Husband's Short Sale Affect Me Getting a Loan?

A short sale is the sale of a home for less than its market value. It is a popular strategy for a homeowner seeking to avoid the damage caused by a foreclosure. The damage a short sale causes to a ... Read More »

What happens to a judgement balance in a real estate short sale in New York state. If there is no equity in the sale will the judgement be released?

In any state, Judgements are usually filed with a court. In order for the Judgement to be released, someone -- preferably the party that filed the Judgement -- must be satisfied before the Judgemen... Read More »

Short Sale FAQ?

Short sales are attractive to property owners who cannot afford their mortgage payments and lenders who do not want to be saddled with properties acquired through foreclosure. While short sales ca... Read More »