Sentences with phrase «long after a short sale»

Not exact matches

Long story short the code was for the CATs and we did a bunch of other rigorous tests with Stevinson Porsche but at the end of the day, they ordered new CATs for my GT2... not sure if you guys know this but OEM CATs are expensive and for them to go above and beyond like that after the sale, really spoke volumes for me considering a lot of other dealers i know would have said «Tough Luck».

Here are general guidelines for how long a borrower must wait to obtain financing after a short sale.

We have no seasoning period after a short sale, as long as it's clear you weren't trying to take advantage of the market.

Although I agree with FHA policy not to accommodate «flippers» and those playing the distressed market solely for their own gain, I question whether it's necessary to delay FHA financing for delinquent borrowers with documented hardship — for example, someone who's had to sell a home with a short sale after long - term unemployment, illness, or loss of income due to death or divorce.

It just doesn't make sense to say that a sale of half your holdings before the split would come only from long - term shares, but a sale of half your holdings after the split would dispose of some of your short - term shares while you retain some of your long - term shares.

I am aware that it is 2 year waiting, but seems Fannie now states that as long as you fall within no 60,90,120 + days delinquent you can actually get approved right after a short sale.

The hour long webinar includes information on obtaining deficiency waivers for underwater homeowners and BoA's «cooperative» short sale program, modeled after the Treasury Department's HAFA program, that provides for a pre-approved sales price for homes.

One of the good things about current conventional guidelines is they allow qualified borrowers to buy or refinance in as little as two years after a short sale so long as they have a 20 % down payment or 20 % equity in the case of a refinance.

Q: How long do I have to wait to buy a new home after I have had to do a short sale on a previous home?

Guidelines from the U.S. Department of Housing and Urban Development and the GSEs, Fannie Mae and Freddie Mac, advise waiting at least two years after a short sale, so long as credit after the short sale is good.

Among all the single - family houses completed in 2014, houses built for sale took the shortest time, 6 months to completion after obtaining building permits, while houses built by owners required the longest time, 11.5 months.

I am aware that it is 2 year waiting, but seems Fannie now states that as long as you fall within no 60,90,120 + days delinquent you can actually get approved right after a short sale.

To figure whether the gain or loss is long - term or short - term, your holding period includes the period you owned the property before the original sale plus the period after the repossession.

Fannie Mae and Freddie Mac require a much longer wait than FHA to qualify for a loan after a foreclosure or short sale, up to seven years.

As an article in The New York Times notes «there are plenty of asterisks and conditions» when it comes to how long a borrower must wait after a «significant derogatory event,» like a foreclosure or short sale.