Posted on: 28th Jun, 2010 09:23 am
My home is currently on the market as a short sale with no late payments. I was told that I could repurchase another home right away through FHA. I AM SO CONFUSED
Unless you can show extreme harship and convince the next lender that you had no choice no you will not be able to buy a new home for at least three years.
"My home is currently on the market as a short sale with no late payments. I was told that I could repurchase another home right away through FHA. I AM SO CONFUSED"
Actually you can if you did not miss a payment and had no 30 day lates for any other obligation. You have to wait until your short sale closes and if you remained in good standing FHA will allow you to purchase a new home.
Actually you can if you did not miss a payment and had no 30 day lates for any other obligation. You have to wait until your short sale closes and if you remained in good standing FHA will allow you to purchase a new home.