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Congratulations on your shortsale! It will take some time for your FICO to recover, but you should be able to obtain a loan in a couple of years. Pay all of your debts on time; start saving for 20% down on another house and get your financial house in order. Then, apply for a loan and see what you can do. Mind you, many houses for sale today have deferred maintenance, and you may end up spending several thousand to bring yours up to par.
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∙ 12y ago
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How long after a short sale can you buy another house?
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.
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 happens if house burns down while the house is on short sale procedure?
If you haven't caused the fire, the situation shouldn't be worse than where you are right now. However, your short sale plans would have to wait until things are sorted out.
How long wAit to purchase a home after a short sell?
There is not a time limit on how long you have to wait to buy a home after a short sell. It all will depend on how long it takes to clear.
Should I short sale my house or wait for it to be auctioned?
This depends on your ultimate goal. A short sale is less detrimental to you credit, but will still likely keep you from buying another home for 2-3 years. Often times short sales become foreclosures because the homeowner stopped paying the mortgage loan payments and the short sale took too long. A foreclosure hits your credit harder, but may allow you to stay in the home for just as long or in some cases longer. Additionally, you can negotiate a "cash-for-keys" deal with the lender or new owner where you leave the property in good condition on a specified date in exchange for money for relocating costs.
How long after a short sale can you buy another house?
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.
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 happens if house burns down while the house is on short sale procedure?
If you haven't caused the fire, the situation shouldn't be worse than where you are right now. However, your short sale plans would have to wait until things are sorted out.
Does wait have a short a or a long a?
Long a .
Is wait long or short vowel?
long
How long wAit to purchase a home after a short sell?
There is not a time limit on how long you have to wait to buy a home after a short sell. It all will depend on how long it takes to clear.
How long do you have to wait to sale the baby hamsters?
3 to 4 weeks.
Can your homeowners insurance be canceled if you put your house up for sale and if you just got a policy do you have to wait a specific time if you wanted to list your home for sale?
Your homeowners insurance is not effected by your house being for sale...unless it is vacant. 4lifeguild
Should I short sale my house or wait for it to be auctioned?
This depends on your ultimate goal. A short sale is less detrimental to you credit, but will still likely keep you from buying another home for 2-3 years. Often times short sales become foreclosures because the homeowner stopped paying the mortgage loan payments and the short sale took too long. A foreclosure hits your credit harder, but may allow you to stay in the home for just as long or in some cases longer. Additionally, you can negotiate a "cash-for-keys" deal with the lender or new owner where you leave the property in good condition on a specified date in exchange for money for relocating costs.
How long do you have to wait to rent out house after occupants move out?
you dont have to wait any period of time, just make sure that the house is clean
When does the lilycove roof top sale open?
After you beat the elite four, wait till the tv in a random person's house flashes. It could be the rooftop sale. Then if it is wait two days and watch the tv again and go to lilycove department store!
Is it best to wait for the iPod Nano sale?
Waiting for a sale on the iPod is always good but it depends on if you can wait that long for the new products. Often the price will lower after the first inital few months of introductions at a good savings.
