Buying Right After Short Sale

It's true, one can typically not qualify for a mortgage loan for a period of years after completing a short sale. However, there are exceptions to that rule and as your Phoenix Arizona Mortgage Lender, I will never leave any stone un-turned while searching to find what options my clients have available to them. One of the best stories that I have had the good fortune to be a part of involves an FHA client we recently closed a loan for. This family needed to complete a short sale on their current … [Read more...]

Home Loan Approval After Short Sale

When can I buy after a short sale?  This is a riddle all too many homeowners are trying to answer today.  In Arizona mortgage balance often exceeds home value putting many in a tough spot.  The majority of loan options available today come custom fit with guidelines that prohibit short sellers from buying right after their short sale.   There are exceptions.  Here is a success story about one of those exceptions. VA financing does not have an official guideline for buying after a short sale.  … [Read more...]