Shi, I would stay away from short sales and look for foreclosure homes if you're trying to buy in the near future. Although there are plenty of homes for sale in the Modesto area, there are also hungry buyers. If you're a novice at looking for real estate, I would recommend working with a realtor. But, do your homework also, and find the exact areas in Modesto you would like to live instead of depending on the realtors views and sale of homes. And, don't get discouraged if your offer doesn't get accepted. Just keep trying, and in no time you'll have a home. (Just like going for a job interview...)

Good Luck! = )

Hello Shi,

Short sales are should be called "long sales". They take a long time. BofA is the worst, set your self up for months of waiting. Their system is slow and sometimes it can take about 6 months before you'll hear from them. Your agent can explain and keep you informed on how the process is working. Bank owned properties or REOs are moving a lot faster, however, buyers like your self, with FHA loans, having a hard time to find a home. It is not only in Modesto, but in most part of the Central Valley, that we are experiencing a shortage in available homes. The demand is overwhelming and the bank owners/ investors know this. They are looking for the offers that gives them the highest return. Most of the homes have multiple offers, and the owners sometimes have 15-30 offers to choose from, maybe even more. I wrote an offer on a house that had forty-five offers already, and this after only 5 days on the market. Do not get discouraged though, I am sure that your agent will find you a suitable home sooner or later, even with your FHA loan.

Good luck to you.

Eva Bradley