If you are considering buying a home after a short sale and plan on using cash, then you can buy immediately.
If you are considering buying a home after a short sale and plan on going FHA, you will need a minimum credit score of 620 and wait 3 years.
If you are considering buying a home with 20% or greater down payment, with 620 credit scores you can find lending sources after a 2 year waiting period.
Best to pull your own credit and evaluate if credit repair is required to raise your credit scores. This takes time and a 2-3 year waiting period will allow the credit repair work to be completed and your scores increase by your efforts.
Brock Realty Inc.
If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.