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Any way to purchase a home a year after Short Sale?

We completed a short sale on our property in June 2012, after a job loss, then new job transfer out of state.  All other payment history is very good, and debt/income ratio is very good.   We've been homeowners since 1996.  Would like to obtain a loan to purchase again asap.
  • January 22 2013 - US
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Answers (2)

Yes, if you have not missed any payments during the short sale period you can qualify for an FHA mortgage 1 day after the short sale.  The rule is not to try and by a house for more than what you owed on the other property and you will be fine.

if you would like more information please feel free to contact me directly through my profile.

Thanks

Jonathan Mosca
  • January 22 2013
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Working on your answer.Will advise asap.
  • January 22 2013
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