Real estate blog entries tagged with short sale eddie fairchild mortgages sacramento elk grove reo foreclosure california fha homepath 203k real estate by Summit Funding Inc.

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Home : Blogs : Eddie Fairchild : Eddie Fairchild's Mortgage Blog : Tag "short sale eddie fairchild mortgages sacramento elk grove reo foreclosure california fha homepath 203k real estate"

short sale eddie fairchild mortgages sacramento elk grove reo foreclosure california fha homepath 203k real estate: If you Short Sale your home, you have to wait 3 years before you can buy with FHA - 06/05/10 09:52 PM

If you Short Sale your home, you have to wait 3 years before you can buy with FHA
There are a lot of people including Real Estate Professionals that ask me, "How long do people have to wait to buy a home if they short sale their home TODAY?"
The answer: 3 Years if the want to use a FHA home loan to buy.
Borrowers in default on their mortgage at the time of the short sale (or pre-foreclosure sale) are not eligible for a new FHA-insures mortgage for three years from the date of the pre-foreclosure sale.
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Eddie Fairchild

Sacramento, CA

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Summit Funding Inc.

Address: 9250 Laguna Springs Drive #113, Elk Grove , CA, 95758

Office Phone: (916) 683-7359

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Welcome to my blog! My goal is to provide you with up-to-date and accurate mortgage information so your deals close smoothly and on-time. If you are a Realtor or a home buyer looking for a quality lender, I encourage you to subscribe to my blog and call me directly @ (916) 683-7359 with your questions or comments. More importantly, I want to be your lender so call me to schedule an appointment today!

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