Post short sale qualifying
Waiting Periods Under the Old Guideline | Waiting Periods Under the New Guideline |
7 years from the date the deed to the property was transferred back to the servicer. | 4 years from the date the deed to the property was transferred back to the servicer. No LTV/CLTV limitations. |
4 years from the date the deed to the property was transferred back to the servicer. Maximum 90% LTV/CLTV. | |
2 years from the date the deed to the property was transferred back to the servicer. Maximum 80% LTV/CLTV. | |
A 2-year waiting period up to 90% LTV/CLTV permitted if extenuating circumstances could be documented. | A 2-year waiting period will be permitted if extenuating circumstances can be documented. No LTV/CLTV limitations. |
If you are in this situation and would like to start your search, please contact me. I can provide you with lender contact info as well.
Adam Tarr P
Citywide Real Estate
480-236-7374