Home Buying in 63129 : Questions & Answers

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Lanre Folayan…, Real Estate Pro in District of Columbia
Lanre Folayan 202-378-0283 answered:
I am on short sale, can I buy a house cash even though I am still on short sale situation.
Yeah pretty much what everybody said here. You buying a house with cash is not showing lenders that you are experiencing some kind of hardship. You buying a house with cash while doing ... more
0 votes Share Flag Tue Jun 3, 2014 Home Buying in 63129
Craig Bosse, Real Estate Pro in Concord, CA
Craig Bosse answered:
In state of California, how soon can we buy a house after a short sale?
You don't have to wait.....

We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and ... more
0 votes Share Flag Thu May 22, 2014 Home Buying in 63129
Craig Bosse, Real Estate Pro in Concord, CA
Craig Bosse answered:
How soon can I buy a house after a short sale?
Hello... That depends on which state you are looking to buy. We have an exclusive portfolio program (meaning it's not gov't backed and only available through our bank) that allows you t ... more
0 votes Share Flag Fri Jan 24, 2014 Home Buying in 63129
Joycelewis412, Home Buyer in Sacramento, CA
Joycelewis412 answered:
how hard is it to rent after a short sale?
Short sale will affect your credit score negatively; some landlords do not want tenants with bad/low credit rating.



Check if you qualify for mortgage. Try www.whywaitbuytoday.co ... more
0 votes Share Flag Tue Aug 13, 2013 Home Buying in 63129
Bill Wilmeri…, Real Estate Pro in 63129
Bill Wilmering answered:
want to buy a larger home in Kentucky but we had a short sale less than a year ago. My husband was transferred to Kentucky from Michigan for his job
If there was no default on your old mortgage, you would have been able to get an FHA loan right away, Otherwise, it will be a minimum of 2 or 3 years, depending on the type of motgage ... more
0 votes Share Flag Thu May 9, 2013 Home Buying in 63129
Tamera Wilba…, Real Estate Pro in Saint Louis, MO
Tamera Wilbanks answered:
I am trying to apply for a loan, my wife has a short sale on her credit can I include her on the new loan?
Depends on the lender and why your wife qualified for a short sale. Your lender should be able to tell you this quickly. It will depend on her payments, how long ago and credit score. ... more
0 votes Share Flag Tue Apr 23, 2013 Home Buying in 63129
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
how long it takes someone who did a short sale to buy a new home?
Best next action is to ask a local Mortgage Broker by clicking "Find a Pro" in the main menu at the top of this website. http://www.naplesrealestateguys.com/
0 votes Share Flag Sun Apr 14, 2013 Home Buying in 63129
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
how do you buy a house that is going to be a short sale?
We hate short sales...here is why...http://www.naplesrealestateguys.com/blog/naples-foreclosures-not-short-sales/
0 votes Share Flag Sun Apr 14, 2013 Home Buying in 63129
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
How do you deal with a short sale property that has two lien holders. Primary is the bank and the secondary is a private company;
We hate short sales. Here is why...http://www.naplesrealestateguys.com/blog/naples-foreclosures-not-short-sales/
0 votes Share Flag Sun Apr 14, 2013 Home Buying in 63129
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
I am in process of purchasing a home and the underwriter is more concerned about my husband who is not on the application than myself.
Get divorced is the best advice. http://www.naplesrealestateguys.com/
0 votes Share Flag Sun Apr 14, 2013 Home Buying in 63129
Tonja Neal, Real Estate Pro in Saint Louis, MO
Tonja Neal answered:
When can we buy another house?? My husband and I short sold our home in 2009.
There are some things this can be contingent upon. Though short selling is better than foreclosing there is sometimes a small dent in your credit rating because of it. I would say tal ... more
0 votes Share Flag Wed Oct 3, 2012 Home Buying in 63129
Sharon Jones, Real Estate Pro in Saint Louis, MO
Sharon Jones answered:
how soon can I buy a house in New Jersey after going thru a short sale, do to a divorce.?
You can buy a home on a lease option aka rent to own. All you need to do is find a seller who is willing to owner finance their home to you on a lease option agreement. A lease optio ... more
0 votes Share Flag Thu Aug 9, 2012 Home Buying in 63129
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
after the short sale and the bank gets their money they can't put a lien on the mobile home for he rest?
It depends on what documents you sign/signed. You will want to make sure you understand that if they are fully releasing the Seller.

Buyers should be making sure that the Escrow C ... more
0 votes Share Flag Wed May 23, 2012 Home Buying in 63129
James Michael…, Real Estate Pro in Saint Louis, MO
James Michael Elfrank answered:
we are in an upside loan and behind in payments doing short sale we purchased a mobile home for cash is that going to be affected?
The short answer is no. The short sale will not be affected by owning a mobile home that you are using for a permanent residence. Factors that may affect the short sale would be the a ... more
1 vote Share Flag Wed May 23, 2012 Home Buying in 63129
Rob Spinosa, Real Estate Pro in Mill Valley, CA
Rob Spinosa answered:
We had to short sale our Conv. mtg. When can we buy again. We closed 9/11.
Ella,

This short video covers the time periods required before re-entering the market.

Rob Spinosa
rspinosa@rpm-mtg.com
0 votes Share Flag Wed Apr 18, 2012 Home Buying in 63129
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Currently selling my home as a short sale. My husband is not on the loan or deed. Will the short sale affect his ability to get a mortgage soon?
Kirdy, the lender you spoke with has a guideline that states when you file jointly they'll still hold your husband's credit issues against you, but that isn't the case wi ... more
0 votes Share Flag Fri Oct 21, 2011 Home Buying in 63129
Michael Been, Real Estate Pro in Saint Louis, MO
Michael Been answered:
my name & wifes name are on deed. wifes name on loan. if she short sells. will it hurt my chances of buying a home?
Yes if your expecting to consider her income w/next purchase. If not she'll need to do a marital waiver and release all interest in your next home. What qualifies her for a short s ... more
0 votes Share Flag Wed May 4, 2011 Home Buying in 63129
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
If a Seller sold on short sale, what are the ramifications, i.e., (tax, old lender) if the Seller bought a new home w/cash from another source?
OH - OK - got it now.

The best answer is going to be to speak with the attorney that closed the transaction of the short sale. Some states allow a bank to pursue the difference and s ... more
0 votes Share Flag Mon Feb 21, 2011 Home Buying in 63129
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Am I qualify for a short sale?
You need a listing agent experienced in listing and selling short sales who works with an experienced negotiator who will work on your behalf. The banksare less likely to work with a ho ... more
0 votes Share Flag Wed Dec 1, 2010 Home Buying in 63129
Nelleke Maxw…, Real Estate Pro in Saint Louis, MO
Nelleke Maxwell answered:
Short sale completed over a year now. Would it be wise to try to obtain a loan to see where I stand? Or would it be a risk that may impact my score.
Don't try to obtain a loan just to see where you stand. Get your annual credit report and check it for errors. When you have had a short sale you should wait at least 2 years. Ther ... more
0 votes Share Flag Tue Nov 30, 2010 Home Buying in 63129
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