Yes you can apply, get your home inspection done right away, make sure the home is all what you think it is. This is no negotiations later.
Be ready for a rate lock as soon as the bank approves the short sale.
If you are looking for a low rate, you will not be able to take advantage of any rates now until the seller gets the bank to approve the short sale.
Make sure you use a an experienced buyer realtor with short sales, because you wont know the sellers realtor's experience. You need someone on your side.
interview the realtor by asing questions. these are not the only questions but it is a good start...http://sellitfast123.com/what-a-buyer-should-know/
Search foreclosures and short sale here: http://www.BuyNJShortSales.com
"Nobody Sells More Real Estate than RE/MAX"
Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send... A GPS feature for listings at your finger tips
Larry Sarlo When you want it Sold Fast!
609-868-1171 call / text / email 7 days
So you can lock, but the rate will expire without a firm settlement date in place and a lock that covers that date.
Best of luck to you!
Joseph S. Cordova NMLS# 146855
Evesham Mortgage, LLC
22 South Maple Avenue
Marlton, NJ 08053
office: (856) 985-9944 ext. 103
direct fax: (206) 333-0946
cell: (856) 304-2381
"The finest compliment I could ever receive is the referral from my friends and customers."
Apply online at: http://www.joecordova.com