Buying Again After Completing a Short Sale or Foreclosure



For many sellers who are trying to sell their homes in this declining real estate market a short sale is an option being considered. Here , they accept a selling price that is less than the balance on their existing mortgage in the hope that their lender will allow the sale to be completed and accept a lower payoff than what is owed. While those accomplishing this will suffer a decline in their credit score, they will most likely be able to purchase again within 2 years. For those who are foreclosed on , expect to wait at least 7 years. Read more


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s