Financing in 94558 : Questions & Answers

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Michael Abram, Real Estate Pro in Los Angeles, CA
Michael Abram answered:
After a short sale, can you purchase another home right away as long as the new loan is not more then the old loan.

This is not accurate. Most conventional, FHA and VA lenders have a specified wait period for a short sale to be "seasoned" before considering lending a new loan to you. I do ... more
0 votes Share Flag Tue Apr 16, 2013 Financing in 94558
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
I am looking for a loan on a NOO for a family member in Norcal. I s anyone doing them for 10% or less down.
Probably not, we can’t get mortgage insurance (PMI) on investment properties, probably the same in your area. They can hypothecate something to make up the other 10%, I have cli ... more
0 votes Share Flag Tue Dec 23, 2014 Financing in 94558
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