Financing in 95818 : Advice

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George Dudley, Real Estate Pro in Tampa, FL
George Dudley answered:
Loan after short sale
JM you would be waiting a minimum of 2 years because of the missed payments.
0 votes Share Flag Tue Jul 28, 2015 Financing in 95818
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
We had a short sale on an investment property in 2012 because coowners bailed on us. Cam we now pull a line of credit on a primary home or refinance?
Hello Douglas, your qualifications will be determined by your credit profile, debt to income ratios, fico scores, LTV and loan program choice.

It only takes a few dozen questions to ... more
0 votes Share Flag Sun May 3, 2015 Financing in 95818
Jennifer Kei…, Real Estate Pro in Granite Bay, CA
Jennifer Keith-Weaver answered:
available mortgage loans
Hello there,
Reading our minimum waiting period guidelines it looks like for FHA loans, the waiting period depends on whether you were current on your mortgage payments leading up to t ... more
0 votes Share Flag Tue Apr 21, 2015 Financing in 95818
Randy Stoker, Real Estate Pro in Yuba City, CA
Randy Stoker answered:
In February 2014 we short saled our home after beong underwater for over a year. We have property that was free and clear that we decided to build a
Banks are hesitant to make loans with recent short sale history. You may have to use the services of a Hard Money Lender, companies that make loans based on equity vs. credit scores and ... more
0 votes Share Flag Thu Feb 5, 2015 Financing in 95818
Valli Lopez, Real Estate Pro in 92021
Valli Lopez answered:
I had a short sale in 2011, no longer on my credit report. trying to buy a house, will i be able to get financing?
If you buy FHA or VA, yes now is fine.

If you want to avoid MI and use a conventional loan, I would need 20% down and can finance it on a portfolio loan with just slightly higher i ... more
0 votes Share Flag Thu Sep 18, 2014 Financing in 95818
Craig Bosse, Real Estate Pro in Concord, CA
Craig Bosse answered:
who can I talk in Colorado regarding purchasing a home after a short sale? My job was eliminated and I had to relocate from a small town to find a job
You don't have to wait.....

We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and ... more
0 votes Share Flag Thu May 22, 2014 Financing in 95818
Hyatt Simons, Real Estate Pro in Sacramento, CA
Hyatt Simons answered:
LOAN AFTER A SHORT SALE FOR A PURCHASE IN NJ Any knowledge regarding who will qualify us?
The best first step to homeownership is to talk with a lender who specializes in home lending. You will need to choose a lender at some point so its the best place to start the home buy ... more
0 votes Share Flag Sun Feb 2, 2014 Financing in 95818
kirksharon14, Home Buyer in Just Us, Atlanta, GA
kirksharon14 answered:
how long after a short sale to get a loan if you became disabled and did a short sale?
FHA Back To Work Program waives Foreclosure, Bankruptcy, And Short Sale waiting periods. Borrowers who lost their homes due to foreclosure no longer have to wait 3 years to apply for a ... more
0 votes Share Flag Sun Dec 1, 2013 Financing in 95818
Scott T. Sho…, Real Estate Pro in Sacramento, CA
Scott T. Short, M.B.A. answered:
Is there a new HUD ruling as of October 1st that a short sale cannot be approved UNLESS the seller is in default or behind in their payments?
see link below to give you the real scoop on FHA Mortgagee letter referenced below..
0 votes Share Flag Tue Oct 29, 2013 Financing in 95818
Erin Newingt…, Real Estate Pro in Elk Grove, CA
Erin Newington answered:
Construction Loan for Land Park Remodel/2nd Story Addition????
Let us know if you still need help with this. We are working on a 1.8 million dollar construction loan right now. You are right! Many large banks are pulling out of the cons ... more
0 votes Share Flag Wed Sep 24, 2008 Financing in 95818
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