For now the guidelines allow you to purchase a home within 2 years of your short sale.
Hope this helps.
Top Producer RealtorÂ® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
La Rosa Realty
The current guidelines are 24 months for a short sale and 36 months for a bankruptcy or foreclosure for conventional. FHA requires 36 months for short sale. Also note that after 36 months you are considered a "First Time Home Buyer" and may qualify for down payment assistance. Depending on your household income.
I recommend after 18 month to contact a lender to review your credit situation to make sure you are on track to purchase a new home when the 24 months are up.
Michael D. Bellamy, P.A.,
REALTORÂ®, SFR, BPOR
Charles Rutenberg Realty, Inc
1900 Summit Tower, Ste. 220
Orlando, FL 32810
"The Standard of Excellence"
Typically 3 years on foreclosure, 2 years on a short sale...
Vincent Paige |REALTORÂ® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073