According to all the lenders I deal with, you have to wait three years after the foreclosure. That said, if there are circumstances, and a lender has time, you can wor ... more
If you were denied a HAMP loan modificaton then you'll likely qualify for HAFA (HAMP denial is a prerequisite in order to get a ... more
Are you the only one listed on the loan? If you're the only one on the loan, than your income is what they'll come after. However, any joint property - savings, investme ... more
I'd like to refer you to this article. It gives great information and advice.
As a lender on the buyer side of a transaction, the seller to whom my client was buying from received $30,000 from his lender at closing. This was a short sale. Not sure ... more
There is no clear-cut answer, however, if you're simply asking about TRENDS and an "on the average" sort of answer, I would say the short sale. Someone could be in a short s ... more
You may not have any choice in the matter.