enterprise: Can I Purchase After a Short Sale in Alabama? - 08/06/11 06:11 AM
Can I purchase after a short sale in Alabama? 
That is a common question on the minds of many Alabama sellers in today’s market.  The answer is, possibly.  In December 2009, HUD announced guidelines under which a seller who has completed a short sale can buy a new home utilizing FHA financing. 
Short Sales
According to FHA underwriting guideline, borrowers are not eligible for a new FHA loan if
·         They pursued a short sale on their principal residence simply to take advantage of declining market conditions, and  purchase, at  a reduced price, a similar or superior property … (1 comments)