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 new loan.Check out http://www.whywaitbuytoday.com for more details.
CFS Mortgage assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy.
I had a short sale last year and my Realtor recommends spamsubprimemortgage.com for a home loan. I am very happy to be able to purchase again."
Truiia, when are you going to put a stop to this This is obviously NOT a home buyer but rather an agent promoting this "loan product."
My next step will be to post the agent that is doing it and POSING as a buyer. It's not even that hard to figure out!
Best of luck,
Broker, Lightning Realty
Phone/Text: (813) 766-1501
The economy is still challenged. If you are unable to locate an investor willing to provide you with financing, you could consider, renting the unit for monthly cash flow.
Brock Realty Inc.
If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.
It sounds like you sold another property as a short sale and now have a mortgage free second property, that you want to refi (cash out)...Well, it's time to find out your credit scores and see how your default and short sale were reported. Then, knowing what you are up against, you can talk to different mortgage professionals - from smaller local banks, to credit unions, large banks and mortgage companies. The way it's been reported will define the distance to the cash out transaction.
Irina Karan, CDPE
Beachfront Realty, Inc.
If a credit union will not do the mortgage then you can also try:
Just make sure to have your Realtor sign you up on the NACA website or a Realtor may be assigned or your Realtor may have to pay a substantial referral fee to NACA.
All the best,
Charles Rutenberg Realty
Talk to a local credit union if you haven't already. Best of luck.