We have a "2nd Chance" Jumbo loan that requires no waiting period after Short-Sale (or foreclosure).
You'll need 20% of your own funds and 6 months reserves.
I currently have a 705 CS but due to two bills , a car loan and a line of credit that I'm paying down nicely to secure a mortgage for
How long do the homes ( in average) take to sell? What is the standard--3 months, 6 months , 9 months or more?
The link above is straight from HUD.
Start by reading what you agreed to. Most contracts are written with many outs for a buyer, like inspections, Title & Financing Contingencies, but it's assumed that since you ... more