Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in 94558 : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying6
  • Home Selling6
  • Market Conditions0

Activity 2
Tue Apr 16, 2013
Michael Abram answered:
Hello,

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
mabram@rpm-mtg.com
www.rpm-mtg.com/mabram
... more
0 votes 11 answers Share Flag
Sat Jan 14, 2017
Jim Simms answered:
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
0 votes 57 answers Share Flag
Search Advice
Search

Followers

254