Did you Short Sale, Foreclose or File Bankruptcy since 2006?

By
Real Estate Agent with Urman Enterprises, LLC SA640245000

Then you are eligible to purchase a home again!

You are known as a Boomerang Buyer

If you sold your home in a short sale or lost a home to foreclosure or filed bankruptcy since 2006 and you want to purchase a home again-you are considered a Boomerang Buyer. Buyers bouncing back from a bad situation.

There is a light at the end of the tunnel.

When can I buy again?

You can purchase an FHA loan as soon as 3 years from the Trustee Deed Sale date, 3 years from short sale completion date and 2 years from a Chapter 7 Bankruptcy discharge date. There are specific guidelines for VA and Fannie Mae loans. Contact me to get more information from a lender I trust. 

But Wait!

This just in...

"FHA announced yesterday that if it can be documented that the foreclosure, short sale or bankruptcy was the result of a 20%  reduction of income due to an economic event such as job loss or in the case of self -employed, a drop in income due to economic circumstances, then the borrower need wait only 1 year after the derogatory event before being eligible for an FHA Loan." posted with permission from NOVA Home Loan Officer-Jud Holmes


This is a perfect time to re-enter the home buying market. Interest rates are still great and more homes are coming on the market everyday.

 

 

Janelle M. Qualm

Property Solutions Real Estate

Cell: 623-237-0973

peakproducer7@gmail.com

 

 

 

Posted by
Janelle M. Qualm
Property Solutions Real Estate
Real Estate Professional 
Cell: 623-237-0973
 
 "THE PLACE WHERE YOUR REAL ESTATE SOLUTIONS ARE FOUND"
Our business grows because of your referrals, we appreciate your trust! 

Comments (2)

Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information
Howdy and afternoon Janelle
 
Welcome to the ActiveRain Real Estate blogging community! You'll sure find a lot of mighty fine folks here in the community to get to know. I'm one of the many ActiveRain community members which are an ActiveRain Ambassador.
 
If you should ever have any questions about how to do anything or about the rules of the ActiveRain community, please feel free to contact me either by sending me a e-mail or by giving me a call, I'll sure be mighty glad to give you a helping hand. If for some reason I don't know the answer to a question which you might have, I'll sure will find out the answer and get back to you with the right answer.
 
Take the time to look at the different groups within the community, pick some different groups to join, post your blog posts in them, be sure to take the time to read the posting guidelines of each group you might want to join, folks sure will want to follow them. Members can join as many or as few of the different groups within the community as they would like to. Members are able to post their blog posts in 5 different groups at a time.
 
Keep up your mighty fine job of posting! I'll be looking forward to seeing even more blog posts written and posted by you, plus seeing you join some of the mighty fine groups in the AR community.
 
Have a good one
Dale in New Hampshire
Aug 21, 2013 05:11 AM
Janelle Qualm
Urman Enterprises, LLC - Scottsdale, AZ
Reliable. Experienced. Dedicated

Thank you Dale. My mom's name is Dale but she goes by Irene. Most people don't remember Dale Evans:)

Aug 22, 2013 07:34 AM