Here is a helpful chart that provides information regarding how long of a waiting period a person has to wait after a foreclosure, short sale, or bankruptcy.
~~All information is subject to change. Contacting a professional is always encouraged!~~
Show All Comments
Sort:
The Federal Savings Bank/Lending in 50 states - Greenwich, CT
A Division of Alerus - Wayzata, MN
Mortgage Officer. RMG. 952.417.8481
Sam Giannakakis, Residential Mortgage Group - Wayzata, MN
Mortgage Officer 612.816.1511
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.
Sam...Although a great chart and guidelines, I have clients that fall into a few catagories that have been refused and not because of credit scores or down payment. Just because fo time.
Oct 18, 2011 11:21 AM
Sam Giannakakis, Residential Mortgage Group - Wayzata, MN
Mortgage Officer 612.816.1511
William- I'm sorry to hear that, if the client had less than 10% down on a Freddie Mac or Fannie Mae they may get denied, if they have any other lates they may also be denied. I would be happy to discuss any different situation with you. Give me a call if need any help, I'd be more than happy to help. 612.816.1511
Oct 19, 2011 09:02 AM
Bozeman Montana Real Estate .net - Bozeman, MT
Your Dream. Our Passion.
Excellent information! Thank you for sharing, it will be great to share with clients that need to wait.
Oct 19, 2011 09:18 AM
Sam Giannakakis, Residential Mortgage Group - Wayzata, MN
Mortgage Officer 612.816.1511
United Real Estate - Phoenix, AZ
Your REALTOR® For The Valley Of The Sun
Thank you for allowing us to share with our clients this chart will be very helpful.
Oct 19, 2011 09:32 AM
Rainer
27,732
27,732
Sam Giannakakis
Mortgage Officer 612.816.1511
Comments(8)