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capitola short sale aptos short sale: Credit After Santa Cruz Short Sale - 11/30/11 10:07 AM
Here is what our State legal services posted about your question:
Credit After Foreclosure, Bankruptcy, or Short Sale
Member Legal ServicesTel (213) 739-8200Fax (213) 480-7724Aug. 4, 2010 (revised)
One of the concerns a consumer has after experiencing a bankruptcy, foreclosure, or short sale (referred to as a "preforeclosure sale" by Fannie Mae when the owner is in default) is the ability to obtain credit to purchase another home. Fannie Mae has updated its credit guidelines in the FNMA Selling Guide, June 30, 2010. [ Note: This is a 1,234 page PDF document that takes a long time to download.] … (3 comments)

 
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Patti Lyles, Santa Cruz County Short Sale & REO Agent (831) 335-2100

Santa Cruz, CA

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Century 21 Showcase, REALTORS®

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