It's always a good idea if you can talk to your lender first to see if they'll do
a loan modification. I'll gladly walk you through this process. If you don't ask
you won't receive.
Mortgage Statistics
Most lenders are working with short sales. It saves the lender costly
expenses and most property is in better condition than a foreclosure.
Most lenders are working with short sales. It saves the lender costly
expenses and most property is in better condition than a foreclosure.
How Lenders underwriters are viewing a short sale..
FHA Guidelines- has no guidelines regarding short sales. A deed-in-lieu and forclosure is 3 years before
you can get a new loan or could be sooner if there were extenuating circumstances.
Conventional- Bankruptcy, foreclosure, Short sale or deed-In-Lieu is 48 months unless
extenuating circumstances which would be 24 months to be approved for a new mortgage.
FHA Guidelines- has no guidelines regarding short sales. A deed-in-lieu and forclosure is 3 years before
you can get a new loan or could be sooner if there were extenuating circumstances.
Conventional- Bankruptcy, foreclosure, Short sale or deed-In-Lieu is 48 months unless
extenuating circumstances which would be 24 months to be approved for a new mortgage.
Short Sale Queens
“Lisa has worked with most
lenders. I'm very impressed with
her extensive knowledge of the
process”
—Keith & Betsy Bragg
lenders. I'm very impressed with
her extensive knowledge of the
process”
—Keith & Betsy Bragg
MORTGAGE INFORMATION
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| 952-412-0411 |
