November of this year unless you didn't have late payments on your mortgage or installment debt in the 12 months preceding the short sale. Then you don't have to wait at all. See the web reference.... more
Well, I don't believe the percentage ownership matters as much as the P&L statements. I assume you are talking about your qualification for a loan for a home, correct? If that is the case, the lender will base your elibibility based on the amount of time that you have owned the business and the overall success of the business. The lending guidelines have definitely become more stringent for those of us who are "self-employed."