short sales: VA Waiting Period For VA Mortgages After A Short Sale
- 09/12/16 06:58 AM
As I stated in my blog on FHA Waiting Period For FHA Mortgages After A Short Sale, even though Foreclosures have slowed down in some parts of the country, Short Sales continue at a steady pace. So I thought it would be good to do an update blog on waiting periods after a Short Sale, before a Borrower is able to qualify for financing again. The two loan programs with the shortest waiting period for a Borrower to be able to qualify for financing again after a Sale is FHA and VA. The first blog was on the FHA waiting … (12 comments)
So far I have covered the FHA Waiting Period For FHA Mortgages After A Short Sale and the VA Waiting Period For VA Mortgages After A Short Sale. Today I will cover the Fannie Mae Waiting Period For Conventional Mortgages After A Short Sale. I have saved this one for last because the Fannie Mae Guidelines are much more complicated, therefore, this blog will be more detailed and longer than the previous two blogs. As I stated in the previous two blogs,even though Foreclosures have slowed down in some parts of the country, Short Sales continue at a steady pace. … (19 comments)
short sales: FHA Waiting Period For FHA Mortgages After A Short Sale
- 08/14/16 09:35 AM
Even though Foreclosures have slowed down in some parts of the country, Short Sales continue at a steady pace. So I thought it would be good to do an update blog on waiting periods after a Short Sale, before a Borrower is able to qualify for financing again. The two loan programs with the shortest waiting period for a Borrower to be able to qualify for financing again after a Sale is FHA and VA. Of the two loan programs I will start with FHA Waiting Period For FHA Mortgages After A Short Sale since there are more FHA loans out … (8 comments)
short sales: How Foreclosures & Short Sales Impact Purchases On Fannie Mae Mortgages
- 12/16/12 05:53 PM
In recent years we have experience an increase in Foreclosures, and Short Sales, in fact presently Foreclosed and Short Sale properties make up a large percentage of the properties currently on the market for sale. Borrowers that are going through a Foreclosure or Short Sale need to be informed of How Foreclosures & Short Sales Impact Purchases On Fannie Mae Mortgages. In this blog I will go over the Fannie Mae Guidelines for Foreclosures, Short Sales, and Bankruptcies, and in the next blog I will address the FHA Guidelines. Fannie Mae last revised their Guidelines for Foreclosures, Short Sales, and … (16 comments)
short sales: Short Sale Lunch & Learn
- 02/21/12 10:30 AM
Middlesex Chamber Real Estate Council will be holding a Short Sales 101 Lunch & Learn on Wednesday, March 7th. We all know that Short Sales are a huge part of the Real Estate and Lending Industries these day. This is a topic that we all need to be up to date on, and what better way to do that, then here what one of the to Short Sales Attorney's has to say. At the Lunch & Learn, Attorney Lou Tavano will provide in depth discussion on the Short Sale process and present ways in which to successfully Close Short Sales. … (4 comments)
short sales: Fannie Mae Guidelines for Foreclosures, Short Sales, and Bankruptcies
- 09/10/10 12:26 PM
We were warned that as foreclosures increased, that Guideline changes would follow. So the new Fannie Mae Guidelines for Foreclosures, Short Sales, and Bankruptcies should not come as a surprise. Those that have tried to justify Strategic Defaults need to seriously rethink their position, because as these voluntary defaults increase the number of foreclosures, additional Guideline changes will follow. As you will see in the changes below, Fannie Mae is not really making a distinction between foreclosures where the homeowner can no longer make the mortgage payments, and voluntary defaults such as Strategic Defaults (extenuating circumstances are very hard to prove to the satisfaction of Fannie … (27 comments)
short sales: DEED-IN-LIEU FORECLOSURE and Short Sale UPDATES Fannie Mae
- 05/15/10 01:39 PM
Fannie Mae has announced a new updated. This time they are revising the waiting period for Deed-in-Lieu of foreclosure and Short Sale on conventional conforming loans effective with applications dated on or after July 1, 2010. Fannie Mae's Automated Underwriting System (DU) will be updated to version 8.1 and implemented during the weekend of June 19, 2010 to include these changes. No changes will be made to bankruptcies or strict foreclosure, so the present guidelines will continue to apply. Below is a breakdown and time periods for the new changes.
****************************************************************************************************************** Info about the author: George Souto is a Loan … (61 comments)
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