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Purchasing Home After Short Sale

Q: I experienced a hardship two years ago and had to sell my house via short sale. I am now ready to purchase a home but heard I would have to wait another year because of FHA rules. I have been.

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Get a Mortgage After a Short Sale in 2019. Losing a home through a short sale or foreclosure can be a troubling experience. Many that go through this process feel a sense of hopelessness about becoming a homeowner again anytime in the near future. Fortunately, the opportunity to purchase a home again after a short sale is becoming much easier.

Some of these people had to sell their home with a short sale and some people whose homes were foreclosed have since gotten themselves back on their feet financially and are ready to purchase a home again. The good news is you can buy a home after a short sale or foreclosure, but there are just a few eligibility requirements to follow.

That means you cannot use the short sale as a way to get rid your old house in a declining housing market and buy a comparable house for a lower price. Getting an Fannie Mae/Freddie Mac Loan After short sale. waiting periods for a Fannie Mae or Freddie Mac mortgage loan following a short sale vary, depending on the circumstances.

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Buying A Home With An FHA Loan After A Short Sale. A short sale is essentially the sale of a home that is still being paid for, where the property sells for less than the amount owed.

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Purchasing a new San Antonio or Austin home after a Short Sale, Foreclosure or Bankruptcy is within reach. If you’re ready to buy, talk with a lender and local real estate agent to start

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