Home Buying in 77449>Question Details

office_zorro, Home Buyer in Katy, TX

How Long Do I Have To Wait After My Short Sale To Buy A House Again In Texas?

Asked by office_zorro, Katy, TX Wed Oct 31, 2012

my credit shows last activity 09/01/2009 for my short sale the HUD shows settlement date:01/26/2011 my credit score is 660 I have 10% down.

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Answers

6
One day. I have helped several find a home an close in 30-60 days after I sold their home on the short sale program. Nesha Jackson 832 398 1531
0 votes Thank Flag Link Fri Nov 8, 2013
I believe you need to speak with an expert.
I have several I can recommend.
Email , Call or Text me ANYTIME

Ron Hardman
Broker/Owner
Apple Real Property
http://www.KatyAreaHomeFinder.com
KatyForSale@gmail.com
281-381-8358
0 votes Thank Flag Link Sun Nov 3, 2013
One day. I would be happy to walk you through the process. Nesha Jackson 832 398 1531
Web Reference: http://FastSoldHomes.com
0 votes Thank Flag Link Thu Oct 31, 2013
You can purchase a home anywhere from 1 to 3 years afterwards. If you have cash you can purchase immediately. If you are ready to buy, please contact me.
Shirley Ann Lee
McPHERSON SCOTT PROPERTIES, LLC.
P.O. Box 940427
Houston, TX 77094-0427
Cell: (832) 881-8031
Office: (832) 746-0532
Fax: (713) 513-5506
Email: sann5715@gmail.com
0 votes Thank Flag Link Mon Nov 5, 2012
Any new lender will not give you a new home loan until a certain amount of time (typically 2+ years) has passed from the time of the short sale. The lender needs to feel comfortable that you would not default on your home loan again. The new lender will be looking for stable credit history of on-time payment of your credit debts and paying your rent on-time since the date of your short sale.

Since you seem to be certain that you will be a home owner again, then select a mortgage lender and stay in communication with your chosen lender point forward. He/She will keep you informed of the latest mortgage products and can let you know when they have financing that you can qualify for.
0 votes Thank Flag Link Wed Oct 31, 2012
Some sources say 2-3 years. However it could be sooner depending on the banks requirements and your current situation. You may need to correct that issue showing you sold your home in 2011, if you in fact sold it in 2009
Web Reference: http://www.katy-homes.net
0 votes Thank Flag Link Wed Oct 31, 2012
I need to know who can approve loan after foreclosure (o6/06/2012),
How long after I cam apply for a loan?
Flag Wed Dec 25, 2013
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