Short Sale Question: "If I Do A Short Sale Can I Buy Again?" Santa Monica, CA
By Kim & Kristine Halverson, Sisters, Realtors
(Sotheby's & Knipe ERA)
Short Sale Question: "If I Do A Short Sale Can I Buy Again?" Santa Monica, CA A lot of homewoners are concerend that if they do a short sale they can never buy again. It's a valid question since most homeowners are not making their mortgage payments when doing a short sale. They wonder if the banks will ever lend to them again. The answer is, "Yes!" you can buy again. Let me share with your our experience and what our clients are doing after the short sale. We started doing short sales in late 2007. At that time homeowner's would have to wait 6 months before buying again. Kind of odd, right? Only 6 months. We had clients that would do a short sale, and live with family for a few months while looking for another home. However, now the wait period is 22-24 months before a bank ...
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