Short Sales

Top DFW Realtors

top-dfw-realtorsThe following Top DFW Realtors / Real Estate Brokers serve the DFW area. If you are a real estate broker and your name is not on this list, leave me your info in the comments section of this blog.

Ebby Halliday Realtors
Coldwell Banker
Century 21
Keller Williams
RE/MAX

When Can I Buy Again After Short Sale or Foreclosure?

short sale credit repairQUESTION: If someone had a short sale finalized in June 2013, can they buy a new home? What would the down payment requirements be?

ANSWER: The soonest they could purchase going FHA would be three years from the foreclosure or claim settlement date, the latter of the two.  VA is two years.  Conventional is seven years, four years is some cases (maximum 90% LTV and O/O).

Thanks,

Mike Turk
SVP Area Manager
Starkey Mortgage
NMLSR # 219193

Office: 682-433-5101
Cell: 817-721-4447
Fax: 1-866-208-3477
www.TurkHomeLoans.com

 

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