Posted on: 22nd Apr, 2013 12:38 am
One of my cousins went through a short sale and wants to know how soon can she buy again? Some say that the waiting period is 2 years after the short sale and others say 1 year. Does anyone know for certain?
Hi Pram,
Normally after a short sale, one needs to wait for 2 years to take out a mortgage in order to buy a home.
Take care
Normally after a short sale, one needs to wait for 2 years to take out a mortgage in order to buy a home.
Take care
Hi Pram!
Welcome to the forums!
Sara is right in saying so. You will have to wait for 2 years to get a new loan. In the meanwhile, you can take steps to improve your credit score.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Sara is right in saying so. You will have to wait for 2 years to get a new loan. In the meanwhile, you can take steps to improve your credit score.
Feel free to ask if you've further queries.
Sussane
Hi Not really.
I am able to buy a house exactly after 1 yr of short sale. There are some banks who can lend you. Wells Fargo is one of them..
I am able to buy a house exactly after 1 yr of short sale. There are some banks who can lend you. Wells Fargo is one of them..