My blog gives details about my listings, open houses, current real estate news, industry changes, and housing information. I also like to add fun and interesting things I find online. You can get real estate information at BuyandSellwithShannon.com
In today’s market there are a lot of short sales and foreclosures. If you are one of the unlucky home owners that had to go through this process then you will have a waiting period before you can get qualified for another home loan. Depending on the type of loan you want or need for purchasing your next home, you will have different requirements. If you had to file a Chapter 7 or Chapter 13 there are also requirements before you can get a home loan. Please see below:
Conventional Loans Require:
FHA/VA Loans Require:
"Curious About Waiting Periods for Foreclosures & Short Sales?" was originally posted as a blog post at RREA.com on March 19, 2012.