Many lenders do want to see 6 months off the market. However with a good reason, 1 day off MLS is fine.
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I have a client that wanted to refinance her loan and the lender asked her if her property had been listed in the last six months. The appraiser checks the MLS for comps and will see the property if it has been listed. Each lender is different so I would ask what their guidelines are.
Best of Luck,
Realty Trust Group Inc
I would talk with a lender about this. Banks are changing the rules pretty frequently these days and your best bet is to speak with a professional mortgage broker or bank. You definately cannot get a Home Equity Line while your home is on the market.
Usually some lenders require 60-90 days. Every bank is different. Check with your local bank. I don't specialize in home equity lines of credit but to get a regular mortgage it's usualy 90 days to 6 months. If your going to take another mortgage on it it could make it more difficult to sell in the future if your planning on selling it.
The answer is no. They will really never see that. They are more likely to be picky on the value they give you and home equity lines are not as easy to get. They are going off of Lowest appraised value and they are also hard to get over 80% loan to value which for most of us means not getting one at all.
There is a lot of risk in this market and these banks are scraed of where things can be headed. Get to your bank or credit union sooner than later and see what they will do for you.
I wish you well in this endeavor.
Hope you get what you want.
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