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Home › Forums › Closed Forums › Buying and Selling RE › If you do a short sale you really cannot buy again – true or not?

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  • August 24, 2009 at 9:11 PM #449236
    trying2balance
    Participant

    both names are on the loan… we had no idea, never imagined we would not just follow the plan of slowly paing off or selling as it increased – right

    August 24, 2009 at 10:51 PM #448513
    Effective Demand
    Participant

    As I understand it (talk to a mortgage pro, I am not) with FHA you can purchase immediately if the shorted mortgage wasn’t a FHA mortgage and there were no mortgage lates.

    Not every lender would take you and there may be other underwriting guidelines that you would need to look out for. Talking to several FHA experts would be the way to go.

    August 24, 2009 at 10:51 PM #448706
    Effective Demand
    Participant

    As I understand it (talk to a mortgage pro, I am not) with FHA you can purchase immediately if the shorted mortgage wasn’t a FHA mortgage and there were no mortgage lates.

    Not every lender would take you and there may be other underwriting guidelines that you would need to look out for. Talking to several FHA experts would be the way to go.

    August 24, 2009 at 10:51 PM #449045
    Effective Demand
    Participant

    As I understand it (talk to a mortgage pro, I am not) with FHA you can purchase immediately if the shorted mortgage wasn’t a FHA mortgage and there were no mortgage lates.

    Not every lender would take you and there may be other underwriting guidelines that you would need to look out for. Talking to several FHA experts would be the way to go.

    August 24, 2009 at 10:51 PM #449114
    Effective Demand
    Participant

    As I understand it (talk to a mortgage pro, I am not) with FHA you can purchase immediately if the shorted mortgage wasn’t a FHA mortgage and there were no mortgage lates.

    Not every lender would take you and there may be other underwriting guidelines that you would need to look out for. Talking to several FHA experts would be the way to go.

    August 24, 2009 at 10:51 PM #449301
    Effective Demand
    Participant

    As I understand it (talk to a mortgage pro, I am not) with FHA you can purchase immediately if the shorted mortgage wasn’t a FHA mortgage and there were no mortgage lates.

    Not every lender would take you and there may be other underwriting guidelines that you would need to look out for. Talking to several FHA experts would be the way to go.

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Viewing 6 posts - 16 through 21 (of 21 total)
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