too expensive for someone who is retired. I was advised that on short sales now, you can actually buy another home within a year. Thanks for your input. I live in Nevada. Melanie Cooper
Yes you sure can! We have a portfolio loan program that is designed specifically for this. We call it our "2nd Chance" loan. I'm currently doing one for a client in Las Vegas.
What State are you looking to buy? We have approved this loan for AZ, CA, CO, DC, FL, HI, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA so far with other States being added.
Let me know if you would like more info.. You can contact me on my website below -
You can purchase a home in any state after a short sale, but not right away. Depending on the type of loan you get you will need to wait 2-3 years before a lender will be able to qualify you for a loan. You are dealing with federal guidelines and not state, so this time frame is pretty much etched in stone. There may be a chance to qualify a little sooner with some specific 'hardship' issues that led to the short sale. You will need to speak with a lender about yur own personal situation. Also you can learn how to be prepared when that time frame has been met.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
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(516) 740-4478 Office
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Two to three years, and excellent credit are involved. Good luck.
If you're paying cash, or financing it privately, it may not be a problem. I hope this helps.