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can I buy a house if a did a short sale 13 months ago

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almablancas Joined: 06 May 2011 Posts: 1 1.25 Dollars($)	Posted: Fri May 06, 2011 12:24 pm    Post subject: can I buy a house if a did a short sale 13 months ago Like 0 Dislike 0 Can I buy a house if I did a short sale
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Fri May 06, 2011 12:57 pm    Post subject: Like 0 Dislike 0 You need to wait 3 years from Short Sale for most lenders. Unless you have a bonafide, extenuating circumstance that led to short sale, such as death of primary wage earner. _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Fri May 06, 2011 9:52 pm    Post subject: Like 0 Dislike 0 Hi almablancas, You need to wait for 2-3 years in order to qualify for a mortgage after a short sale. A short sale will reduce your credit scores. In this 2-3 years of time, you need to take steps to improve your credit score. You can take a look at the given page in order to know some steps to increase your credit score: http://www.mortgagefit.com/credit-rating/credit-repair.html Thanks

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