There is no time limit after the completion of the short sale (title
is transferred to the new owner) to the credit approval date on a new
loan as long as the file meets the following requirements:
According to Ted Canto here are some of the requirements needed. For more information see his site.
Must be able to indicate and document to the best of the borrowers’ ability:
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Evidence that the borrower did not Short Sale their previous property to take advantage of declining market conditions, and / or
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To purchase another property, at a reduced price, a similar or superior property within a reasonable commuting distance. (No less than 100 miles as directed from HUD)
Does it seam like the best neighborhoods only have distressed home? PERFECT! This can help you! I know it seams overwhelming, however with a qualified Contractor the worries will be gone. Knipp Contracting can help you with renovations within your budget, making the distressed home the home of your dreams.Before
After Before For more information contact us at:
623-561-0803 sales@knippcontracting.comAfter
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