HAFA shortsale

Profile picture for home4jdw
My Husband was offered a GREAT job in FL which required us to relocate to the area from NC. Our homes value had dropped to nearly half of what we paid for it almost 5 yrs ago. Our only real option was to short sale. Our Lender approved us for a HAFA short sale. In order for us to go through the short sale they told us we had to stop making our mtg payments. We did, sold our home in 3 weeks to a cash buyer for more than they wanted. Even after all of that we have good credit, my Husband makes good money and we want to buy something else. We've had some lenders tell us that they think the mtg laws will be changing on how long you have to wait after a short sale to buy another home. Anyone have any insight to that AND what is the current wait time? I've seen 2 yrs and I've seen 3 yrs.  THANK YOU!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

February 02 2012 - Florida Center North
 Email Share
 RSS

Replies (2)

Two years with otherwise good credit is what we're seeing now.  Plus in your circumstance where you relocated due to work, the lenders are likely to take that into consideration.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

February 02 2012
Profile picture for Ofe Polack
The short sale arena is in total state of flux, it could change anytime.  Keep contacting a trusted lender and have all the douments from your short sale handy 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

February 02 2012
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Discussions
Profile picture for Ofe Polack
DiscussionHAFA shortsale
  • Last reply by Ofe Polack
  • February 02 2012
Related Articles
GuideResources for Buyers
GuideBuyer's Roadmap
GuideHome Inspection
GuideTHE TEARDOWN PAGE
GuideHome Inspections are they Important?
Mortgage Rates
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Homes for Sale
  1. 4540 Salvia Dr, Orlando, FL Home For Sale
    4540 Salvia Dr, Orlando, FL 32839

     For Sale: $69,900

    • Beds: 3
    • Sqft: 1371
    • Baths: 2.0
    • Lot: 7405
  2. 5140 Conroy Rd # 36, Orlando, FL Home For Sale
    5140 Conroy Rd # 36, Orlando, FL 32811

     For Sale: $62,500

    • Beds: 1
    • Sqft: 711
    • Baths: 1.0
    • Lot: 8484
  3. 6027 Fairlawn Dr, Orlando, FL Home For Sale
    6027 Fairlawn Dr, Orlando, FL 32809

     For Sale: $49,900

    • Beds: 2
    • Sqft: 1195
    • Baths: 2.0
    • Lot: 7840