When Can I Get A Mortgage After Short Sale

Dated: 11/06/2014

Views: 1635

This is a common question that many people have right now. A lot of homeowners suffered some sort of financial setback in the past 5 years - foreclosure, short sale or bankruptcy swept many folks out of the market temporarily. But it's not always clear when or how to get back into the market and buy another home. 

Like many real estate questions, this one has a common answer: "it depends." Your situation will help you know when and how to purchase your next home. This article over on Nolo.com lays out several of the most common scenarios in a very clear manner.
I will just add that as Bob Dylan once observed "the times, they are a changing'." Meaning that while this info is a good guideline, it is subject to change as lenders and the government continue their grotesquely beautiful dance of entwined fate.  
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Gavin McCaleb

Gavin has lived in Boise for over 20 years. In 2003 he got his start in real estate as an investor and since then he has personally bought and sold over 100 houses. He got licensed in 2009 and is now....

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