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Credit Score in Concord : Real Estate Advice

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Activity 1
Fri Jan 17, 2014
Craig Bosse answered:
The credit hit is mostly from the amount of late payments (and how late they are)..

We can finance borrowers with a Foreclosure or Short-Sale the next day if there mid score is above 660 (620 with exception) under our 2nd chance loan.

Under conventional financing you would have a waiting period of 2 years after a Short-Sale and 7 years after Foreclosure. FHA would be a 3 year seasoning.

The link below has it all laid out on a grid..
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