Here are the wait times to get a home loan after short sale:
1. VA - 2 yrs
2. Conventional 20% down 3 yrs
3. FHA 3 yrs
In the rare case of an extenuating circumstance, sometimes you can get a FHA or VA loan immediately. The extenuating circumstance has to be something major where you were force to sell because of a major illness that can be fully documented or a job transfer. A loss of job, divorce, etc...will generally not work for the extenuating circumstance.
Make sure you check when the deed transferred out of your name, that is the date to begin counting. Contact me if you would like me to look it up.... more
Most of the lenders that I know, prefer to have the inspection cleared, before they send out the appraiser. After all, why bother spending the money on the appraiser, if you decide that you no longer want the home based on the appraisal?... more
I would also suggest that you contact a lender and ask those questions... however, if you were not named on the deed or the loan of their home, there should be no reason you cannot qualify for a home.
You would have to talk to a lender about what type of loan program you would qualify for because you may be restricted from FHA, due to the fact that if you are married, FHA wants to run credit on both spouses whether or not both will be on the loan.
If you would like the names/ numbers of a couple reputable and helpful lenders, please feel free to call or email me directly and I'll provide you with their contact information.
My business partner can help you with Wells Fargo. Her name is Christa Martinez 661-444-6422. Just tell her that Darrell Muhammad referred you.
Hi there - I am a local realtor here in Bakersfield. I just comp'd. the 93309 area for a square footage between 950 and 1,000 for you. The homes sold between $150 - $160/sq. ft. Please let me know if I can help you in your search in any way. I work for Scott Tobias Real Estate and can send you information on areas you want to know about (availability and prices, etc...). I can be reached at 661-703-9843 or email@example.com if you would like to ask me any questions.
Thank you - Diane Valadon... more