I need some opinions.

Asked by Rebecca, Phoenix, AZ Mon Jul 1, 2013

I was recommended this site http://www.cfsflex.com, by my realtor. Both indicate I can qualify for a mortgage one day after a foreclosure. Can anyone verify this?

Rebecca Swanson
Phoenix, AZ

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+ web reference
Web reference:


Bianca Benne…, Agent, Glendale, AZ
Tue Jul 9, 2013
I would recommend to you to speak with a loan officer. nobody can give better advise.

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Website: http://www.InvestInArizonaHomes.com
0 votes
Maureen Thel…, Agent, Phoenix, AZ
Sun Jul 7, 2013
When and what you qualify for will depend on your specific situation regarding your short sale and your other credit factors. The best first step would be for you to discuss your situation with an experienced Loan Officer who will be able to explain your options and help you determine what may work best for you. Feel free to call any of the lenders on my Loans page:http://urbanpremises.com/loans/. They have helped many of my clients in all price ranges and all situations to buy homes over the years and would be happy to assist you.
0 votes
Rebecca Kall…, Agent, Gilbert, AZ
Wed Jul 3, 2013
Your real-estate agent should have a lender that they work with regularly that they can refer you to and see if you do qualify or not, and what you would qualify for.
0 votes
, ,
Tue Jul 2, 2013
As a lender, we requie a time frame after foreclosure, short sales, and bankruptcy. The only loan that does not would be a portfolio or specialty loan which has higher interest etc for a loan. If I can assist you be call me at you convenience.
0 votes
Christopher…, Agent, Camp Hill, PA
Tue Jul 2, 2013
Hi Rebecca
I would get in contact with a local lender to see what they have to say. This option could possibly work but there could also be hidden fees and may be a balloon or non-fixed mortgage. Hope this helps and best of luck to you.
0 votes
Jeffrey Masi…, Agent, Scottsdale, AZ
Tue Jul 2, 2013
Dear Rebecca:

Does not seem possible. Unless you are working with a hard money lender with a large down payment. Hard money lenders will charge above market interest.

If it works out please let me know.

Jeffrey Masich, Realtor, GRI, MBA
Arizona homes and land for purchase or sale
0 votes
, ,
Mon Jul 1, 2013
It is possibleBUT it also depends on how the payment history is reported by the lender and your overall credit score, and the reason for theshort sale.

If I can be of assistance with helping you, please contact me. I am licensed in AZ and CA. PinnacleCapital Mortgage Corporation is a direct lender.
0 votes
Lucinda Tkach, Agent, Scottsdale, AZ
Mon Jul 1, 2013

It depends upon conditions kept with lender on short sale. I have been informed by multiple lenders that is the case as long as payments are kept current to closing. This would also depend on other credit being current.

If you have kept current this feel free to contact me direct for lenders in the area.

Lucinda Tkach
0 votes
, ,
Mon Jul 1, 2013
Hi Rebecca,

I am not familiar with this website, however, we have just launched a new loan program with a portfolio relationship that allows a purchase or refinance of a single family home (no condos) with 25% down / equity, a day after Foreclosure or Short Sale. There is no waiting period.

This option allows a buyer to purchase a primary residence at today's price instead of waiting for 2 -3 years where housing costs could be higher. There is no pre-payment penalty, but the rate is higher than Conventional or Government (FHA< VA< USDA) rates.

Please feel free to contact me directly if you have any further questions, I'd be glad to help.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

Sun West Mortgage USA, Inc. (FN)
NMLS Company ID: 3277 / Branch ID: 359295
8950 East Raintree Drive, Suite 200, Scottsdale, AZ 85260
NMLS ID 263779

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required), HARP 2.0 - No Appraisal Required to Refinance Underwater Homes, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
Web Reference:  http://www.ezAZloan.com
0 votes
Terry Farnsw…, Agent, Lisle, IL
Mon Jul 1, 2013
The link is broken. That should tell you everything you want to know about the company right there.

Hope that helps!
0 votes
You can go to the link if you take off the comma that attached itself.
Flag Mon Jul 1, 2013
David Fuller, Agent, Phoenix, AZ
Mon Jul 1, 2013
I have heard of a similar program from a lender I trust, that has been in the business 20+ years. It is possible although as someone stated it requires higher down payment and will have a higher rate.
0 votes
Vivien L Big…, Agent, Scottsdale, AZ
Mon Jul 1, 2013
Good Morning Rebecca,

You can get a Loan one day out of foreclosure but the down payment and interest rate may be higher.

Please contact: Peoples Mortgage
Mo Hamideh Teresa Sullivan
480.335.5582 cell 602.405.9502
mhamideh@gmail.com teresa@desertinet.com

Please let them know I referred you!

Have a GREAT day!

Vivien Biggs
Prudential Arizona Properties
0 votes
June, Both Buyer And Seller, Phoenix, AZ
Mon Jul 1, 2013
I have only heard very bad things from that site. Stay away from it!
0 votes
Ann Griffin, Agent, Mesa, AZ
Mon Jul 1, 2013
Remember, if it seems too good to be true, it usually is.
0 votes
Justin Schle…, Agent, Glendale, AZ
Mon Jul 1, 2013
I've only heard of qualifying 1 day after a short-sale (not foreclosure) and that is when payments were kept current on the former loan(s). As mentioned previously, speaking with a local loan officer directly will be your best bet.

Feel free to visit my website http://www.MetroPhoenixAgent.com and contact me @ 623-203-2264 with any questions.


0 votes
Mark & Terri…, Agent, Scottsdale, AZ
Mon Jul 1, 2013
Hi Rebecca,

We would suggest contacting a lender directly vs going through a website. Ask your agent to refer you to a lender they work with, or contact Carina Antonino with TriPoint Mortgage at 619-274-0489, she'll help you and answer all your questions.

Good luck, and let us know if we can be of assistance.

Mark & Terri Antonino, HomeSmart
0 votes
Suzanne MacD…, Agent, Succasunna, NJ
Mon Jul 1, 2013
The website no longer comes up when I click on the link, so that should be a good indicator.
0 votes
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