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buy a home after short sale: You Can Buy Another Home Immediately After a Short Sale- The Tale of Two Short Sellers in Woodbridge, VA - 08/20/10 01:09 PM
The Tale of Two Short Sellers in Woodbridge, VA
About a month ago I wrote a post " Can I Buy a Home Immediately After a Short Sale"   Last week we closed the loan that inspired the aforementioned post. "Ms. M" short sold her home although she was never late on any payments. Her lender agreed to the sale due to an extenuating circumstance. After the sale, her desire was to continue to be a homeowner. Since, she met the criteria we were able to close on a FHA loan to purchase a home in Stafford, VA. One of the reasons … (2 comments)

buy a home after short sale: Can I Buy a Home Immediately After a Short Sale? - 06/16/10 11:14 AM
Can I buy a home immediately after a short sale? The answer is yes.  The other day I received a call with this exact question from a Woodbridge, VA short seller. I answered, "Yes you can with FHA, if you meet the following qualifications":
Home short sold cannot be a FHA loan Must have been current on mortgage at time of sale Sold home must not require deficiency payment for the difference 620 minimum credit score 3.5% down payment Short sale caused by extenuating circumstances and not just a person trying to take advantage of the market (by selling short and … (69 comments)

 
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Markita Woods FHA and VA Loans Woodbridge Mortgage Lender

Woodbridge, VA

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WestStar Mortgage NLMS#196099

Address: 3350 Commission Ct, Woodbridge, VA, 22192

Office Phone: (703) 497-3936

Cell Phone: (703) 929-2274

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Timely and relevant information about obtaining a mortgage, credit scores, FHA, VA, and VHDA financing in Woodbridge, Stafford, and surronding areas.


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