Mortgage Post BK, Short Sale, Foreclosure

In the post housing crisis world we find ourselves in today, I run into scores of people who have faced foreclosure, short sale and/or bankruptcy.  These events  impact one's ability to qualify for an Arizona home loan and to buy another home.  Every different type of Arizona Mortgage (FHA, VA, Conventional, USDA and JUMBO) requires that a home loan applicant wait out a different designated period of months/years following a BK, foreclosure or short sale before they can qualify for a new … [Read more...]