NEW FHA Guidelines Say "Yes, you can buy a home after a short sale without a waiting period" - 02/25/10 09:29 PM

Via Julie Chroust, Prospect Mortgage, Pleasanton, CA:
New FHA Short Sale Guidelines
You can now do a short sale on your home and buy a new home without waiting three years.   Prior to the new guidelines you were unable to buy a home with a FHA insured mortgage following a short sale of your primary residence. download FHA Guideline PDF
If you were current when your short sale is done you have every chance of buying a new home according to the new guidelines from the Department of Housing
from FHA guideline-
Borrowers are considered eligible for a new FHA-insured mortgage … (1 comments)

 
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Shirley Walker, ABR, CRS, GRI

Shirley J Walker

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