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In the United States, you will need to wait three years after a short sale in order to buy another house. This is per the Federal Housing Administration.
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∙ 9y ago
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Can you short sale your house if you have two mortgages?
Yes you can. I am currently purchasing a short sale house from people that had a 20/ 80 loan with two banks. It has been very long and tough but it can definetly be done!
How do you get out of a second mortgage when the house has been sold on a short sale?
How do you get out of a second mortgage when the house has been sold on a short sale?
If i short sale a house how long do i have to wait to purchase a dwelling?
If you short sale a house you don't have to wait any specific amount of time to purchase a dwelling. It does mean that the interest rate on the new mortgage could be higher than normal, or it may be more difficult to purchase a new dwelling due to the poor credit score resulting from the previous short sale.
Can you short sale your house to your spouse?
A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.
How long will you credit be messed up if you are doing short sale?
A short sale is an option when a property owner is not able to afford the obligations of a loan. The amount of time a short sale is on a credit report can be answered by a lawyer who is assisting in the short sale. A short sale may hinder future loans.
Can you short sale your house if you have two mortgages?
Yes you can. I am currently purchasing a short sale house from people that had a 20/ 80 loan with two banks. It has been very long and tough but it can definetly be done!
How long do you have to sell your house that you are living in Indiana as a short sale?
I would say 5 yrs
How do you get out of a second mortgage when the house has been sold on a short sale?
How do you get out of a second mortgage when the house has been sold on a short sale?
Where can I find a price on a short sale?
Many realtors will sell a house as a short sale. However a short sale has to be approved by the bank first.
Do you have to live in the house to do a short sale?
You do not need to live in the house to complete a short sale. In order to qualify for the HAFA short sale you would need to of lived in the property within the last 12 months.
Is it legal to buy a house from a relative - by short sale?
It is, as long as it is cleared by all parties involved, including the mortgage lender.
Can you short sale a house that is left to you in a will?
That is up to the lender.
If i short sale a house how long do i have to wait to purchase a dwelling?
If you short sale a house you don't have to wait any specific amount of time to purchase a dwelling. It does mean that the interest rate on the new mortgage could be higher than normal, or it may be more difficult to purchase a new dwelling due to the poor credit score resulting from the previous short sale.
What are the release dates for House Hunters - 1999 Short Sale in Sacramento?
House Hunters - 1999 Short Sale in Sacramento was released on: USA: 14 March 2010
Does the word stale have a long a or short a?
The A has a long A sound, as in sale and tale. The E is silent.
Does sale have a long or short vowel sound?
long
Does sale have a short or long vowel sound?
long
