Real estate blog entries tagged with preforeclosure sale by Homeland Financial

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Home : Blogs : Christian Pak : Christian's Blog : Tag "preforeclosure sale"

preforeclosure sale: Applying for a home loan after a foreclosure or short sale - 12/15/10 02:52 PM

With the current market conditions and the large number of home owners who are facing foreclosure or short sales, this question comes up often, "How long do I have to wait before I can qualify for a mortgage loan after I go through a foreclosure or a short sale?". Fannie Mae, who sets most conventional loan guidelines updated their waiting period guidelines this year. Below is a table showing the various derogatory credit event and the waiting period requirements:

(1) The maximum LTV ratios permitted are the lesser of the LTV ratios in this table or the maximum LTV ratios … (4 comments)

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Christian Pak

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