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Financing in 94558 : Real Estate Advice

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Activity 2
Tue Apr 16, 2013
Michael Abram answered:

This is not accurate. Most conventional, FHA and VA lenders have a specified wait period for a short sale to be "seasoned" before considering lending a new loan to you. I do work with one lender that will consider a foreclosure/short sale on a case-by-case basis and I recently wrote a blog about it if you look at my profile. Otherwise, you are best waiting a few years before the traditional banks will consider lending to you.

Michael Abram
RPM Los Angeles
NMLS #235060
Cell: (310) 995-0975
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Sun Aug 6, 2017
Probably not, we can’t get mortgage insurance (PMI) on investment properties, probably the same in your area. They can hypothecate something to make up the other 10%, I have clients do that all the time. ... more
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