I believe the seasoning requirements for borrowers after short sale is 2 years and I also believe the lenders are required to report the transaction on the credit report of the borrower as short sale. Assuming the borrowers had no mortgage lates prior to the short sale, I wonder if the borrowers can buy a new home sooner than the 2 years if they can document extenuating circumstance that led them to short sale their house? Any takers on this?
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