Believe it or not we are already starting to see buyers who have
met their waiting period time frames and are getting close to
buying a house after a foreclosure, short sale, or bankruptcy. Many
people think they have to wait 7-10 years and their is a lot of
rumors and miss-information circling around. Knowing what their
individual waiting periods are can be liberating.
The wiating period time frame following a foreclosure, short
sale, and bankruptcy is based on their completion date of their
unfortunate event.
To read last weeks update which broke down each situation and
the waiting period for a FHA Loan, VA Loan, Conventional and more,
just click here for waiting period update.
I have also launched a helpful and informative website to
educate borrowers about their waiting periods and how we can work
together during their waiting period to have them ready when their
individual time frames are up.
www.buyingahouseafter.com
If you or a client ever has a question, do not hesitate to call
me. I'm here for you.