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Foreclosure in 92394 : Real Estate Advice

  • All40
  • Local Info8
  • Home Buying22
  • Home Selling1
  • Market Conditions0

Activity 3
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Wed Aug 3, 2016
Sheryl Arndt answered:
You may qualify to buy one day after a short sale, foreclosure or deed in lieu with 20% down and minimum 660 fico score. Unfortunately if you were behind on payments for 3-4 months it would still be considered a foreclosure unless under special circumstances.

It only takes a few dozen questions to qualify and go over your options. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
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9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7 or
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0 votes 2 answers Share Flag
inna ivchenko, Real Estate Pro in Calabasas, CA
Fri Oct 19, 2012
inna ivchenko answered:
what did you choose back then?

Fair Isaac released a report that says credit scores are affected about the same, whether a seller does a short sale or foreclosure. Fair Issac says the average points lost on a FICO score are as follows:

30 days late: 40 to 110 points
90 days late: 70 to 135 points
Foreclosure, short sale or deed-in-lieu: 85 to 160
Bankruptcy: 130 to 240

Almost the same damage....but SS is gong away much sooner form your credit.
... more
0 votes 9 answers Share Flag
inna ivchenko, Real Estate Pro in Calabasas, CA
Thu Oct 18, 2012
inna ivchenko answered:
Sounds VERY wrong.....!

I hope, you brought RE attorney in.
now, it is probably too late, but if you need one, let me know.
0 votes 6 answers Share Flag
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