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August 24, 2009 at 10:51 PM in reply to: If you do a short sale you really cannot buy again – true or not? #448513August 24, 2009 at 10:51 PM in reply to: If you do a short sale you really cannot buy again – true or not? #448706
Effective Demand
ParticipantAs 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 in reply to: If you do a short sale you really cannot buy again – true or not? #449045ParticipantAs 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 in reply to: If you do a short sale you really cannot buy again – true or not? #449114ParticipantAs 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 in reply to: If you do a short sale you really cannot buy again – true or not? #449301ParticipantAs 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 10:47 PM in reply to: Should I go after my previous landlord for my security deposit ? #448509Participant[quote=WestCoastNole]NOTE – The property has been rented out already ( we have been keeping tabs – the moving truck showed up on August 10th ) . . .[/quote]
Well that certainly limits your downside.
August 24, 2009 at 10:47 PM in reply to: Should I go after my previous landlord for my security deposit ? #448701Participant[quote=WestCoastNole]NOTE – The property has been rented out already ( we have been keeping tabs – the moving truck showed up on August 10th ) . . .[/quote]
Well that certainly limits your downside.
August 24, 2009 at 10:47 PM in reply to: Should I go after my previous landlord for my security deposit ? #449040Participant[quote=WestCoastNole]NOTE – The property has been rented out already ( we have been keeping tabs – the moving truck showed up on August 10th ) . . .[/quote]
Well that certainly limits your downside.
August 24, 2009 at 10:47 PM in reply to: Should I go after my previous landlord for my security deposit ? #449109Participant[quote=WestCoastNole]NOTE – The property has been rented out already ( we have been keeping tabs – the moving truck showed up on August 10th ) . . .[/quote]
Well that certainly limits your downside.
August 24, 2009 at 10:47 PM in reply to: Should I go after my previous landlord for my security deposit ? #449296Participant[quote=WestCoastNole]NOTE – The property has been rented out already ( we have been keeping tabs – the moving truck showed up on August 10th ) . . .[/quote]
Well that certainly limits your downside.
August 24, 2009 at 7:15 PM in reply to: Should I go after my previous landlord for my security deposit ? #448418ParticipantThe LL does have to give you the deposit back or reason why he isn’t giving it back in 21 days. But even if you take him to court for it and he counters with the rest of the least. Your upside would be treble damages and your downside would the rest of the term of the lease. If you take him to court you better be prepared for the upside as well as the downside.
August 24, 2009 at 7:15 PM in reply to: Should I go after my previous landlord for my security deposit ? #448609ParticipantThe LL does have to give you the deposit back or reason why he isn’t giving it back in 21 days. But even if you take him to court for it and he counters with the rest of the least. Your upside would be treble damages and your downside would the rest of the term of the lease. If you take him to court you better be prepared for the upside as well as the downside.
August 24, 2009 at 7:15 PM in reply to: Should I go after my previous landlord for my security deposit ? #448949ParticipantThe LL does have to give you the deposit back or reason why he isn’t giving it back in 21 days. But even if you take him to court for it and he counters with the rest of the least. Your upside would be treble damages and your downside would the rest of the term of the lease. If you take him to court you better be prepared for the upside as well as the downside.
August 24, 2009 at 7:15 PM in reply to: Should I go after my previous landlord for my security deposit ? #449018ParticipantThe LL does have to give you the deposit back or reason why he isn’t giving it back in 21 days. But even if you take him to court for it and he counters with the rest of the least. Your upside would be treble damages and your downside would the rest of the term of the lease. If you take him to court you better be prepared for the upside as well as the downside.
August 24, 2009 at 7:15 PM in reply to: Should I go after my previous landlord for my security deposit ? #449206ParticipantThe LL does have to give you the deposit back or reason why he isn’t giving it back in 21 days. But even if you take him to court for it and he counters with the rest of the least. Your upside would be treble damages and your downside would the rest of the term of the lease. If you take him to court you better be prepared for the upside as well as the downside.
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