Posted on: 09th May, 2010 06:21 pm
My mother wants to buy a townhouse with me, she can put 30% down and needs to finance 180,000. She can't qualify on her income. My problem is that I had a short sale in Dec 09. my credit score is 670. Can we do this?
Hi Guest,
As you have a short sale mentioned in your credit report, the lenders may not be ready to let you cosign for the loan. After a short sale, you need to wait for 2-3 years in order to get a mortgage.
As you have a short sale mentioned in your credit report, the lenders may not be ready to let you cosign for the loan. After a short sale, you need to wait for 2-3 years in order to get a mortgage.