Jeff.c230, Home Buyer in Saint Petersburg, FL

Short Sale Question

Asked by Jeff.c230, Saint Petersburg, FL Mon Apr 1, 2013

Hello! I did a short sale just over 2 years ago after my ex and I split up. My credit was down to a low 5....2 years later, its up to a 650 (as of this morning) and I was able to get 2 more things removed off my credit, so hopefully that will bring it up a bit more. My question is, when can I try to buy again? I have a better job, an amazing wife and just need a second chance. We are looking to buy a home in the 60-70k range and have about 10k to put down but I cant seem to find a straight answer on when I can actually accomplish buying.

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1 vote Thank Flag Link Mon Apr 1, 2013
I prefer email if that is alright, you can reach me at
Flag Mon Apr 1, 2013
Hi Jeff,

I can help you! I'm a Buyer's Agent and have worked with many people recovering from a short sale. There is a little bit of a trick to it, but it works and it sounds like you might ready!

Give me a call!

Linda Mann
REMAX All Star
727-422-0069, Mobile, Email
1 vote Thank Flag Link Mon Apr 1, 2013
I recommend you talk to a Mortgage Broker. They often have lenders that do not have all of the hoops to jump through that are necessary at banks. It sounds like you are on the right track and all you need is to connect with the right lender.
0 votes Thank Flag Link Sat Apr 20, 2013
You may be able to buy again now. See the attached link which may help. Your best bet is to speak to a good lender and see what they say. Generally if your score is a bit lower, your interest rate may be higher but if you are remarried and your new wife has good credit, that could help your case. Let me know if you need a good lender - I have a few I can recommend.

Liane Jamason, REALTOR, CDPE
Smith & Associates Real Estate
727-755-3325 cell
0 votes Thank Flag Link Mon Apr 1, 2013
Actually, I may have a few options so you can take advantage of these low prices as they are jumping back up as you have seen.

Contact me to talk about how to minimize payments and reduce out of pocket costs.

1) 100% LTV- VA / (VA Jumbo @ lower ltv)
2) 100% LTV- USDA/12 mo. into Chapter 13 BK…OK Too
3) 99% LTV- FHA / (FHA to 580 score @ lower ltv)

4) 97% LTV- No monthly MI-No FHA 1.75% Fee
5) 95% LTV- CONDO
6) 90% LTV- No PMI -2nd Home
7) 90% LTV- JUMBO w/cc
8) 85% LTV- No PMI - Super Jumbo
9) 80% LTV- Invest./Rental
10) 75% LTV- Foreign Nationals

--------STATED INCOME ALT up to Super Jumbo-----------
11) 80% LTV- FIX n’ FLIP Invest. Prop.
12) 75% LTV- Foreign Nationals
13) 75% CLTV- Short Sale, BK, Foreclosure Forgiveness
14) 70% LTV- Soft and Hard Money
16) COMMERCIAL PROGRAMS-available nationwide

Go to: http://WWW.PRO-OPTION-COM or call 888-662-4404

Steve McRory
Pro Option Mortgage/ Florida

Prior Service U.S. Marine Corps
0 votes Thank Flag Link Mon Apr 1, 2013
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