Sick of renting and want to buy again after you Short Sold your home?
By Tracy Lee Parker, Buy*Sell*Rent
(RE/MAX DFW Associates)
Sick of renting and want to buy again after you Short Sold your home? I helped alot of homeowners sell their homes with the Short Sale process over the last 5 years. Things happened and they were no longer able to make their house payments. It's okay, we all have a "past"! I know most of them moved into an apartment, even though they weren't thrilled about it. So if this is you, please consider trying to buy a home again. The Federal Housing Administration made revisions to their guidelines. They have a "Back to Work" program that will allow certain borrowers a home loan after just one year of a foreclosure or short sale. Granted they will want to see a good year of payment history and a good credit score. I am sure you are excited to own again and have learned your lesson! It makes m...
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