Give the Short Sale Lender Time to Respond. Make your offer contingent upon the lender's acceptance. Give the lender a time frame in which to respond, after which, you will be free to cancel. Some lenders submit short sales to committee, but most can make a decision within two to three months
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.
How do you get out of a second mortgage when the house has been sold 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.
It is, as long as it is cleared by all parties involved, including the mortgage lender.
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.
Can a family member buy a short sale property from a family member
Probably. However, if it's a short sale, the lender will have to approve the sale. If it's not a short sale, they really don't care, they just want the money they are owed.
That is up to the lender.
House Hunters - 1999 Short Sale in Sacramento was released on: USA: 14 March 2010
It's not for sale...
Yes you can buy a home after shortsale, remember your credit with be ok for the simple fact it will show you paid your debt of your home by doing a short sale.
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.