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Looking to buy after a short sale w/no late payments and extenuating circumstances.

Wife and I moved for my job to Florida in 2006.  Purchased home for 209k w/20% down.  Lost job in 2009 due to cutbacks, forced to move back to Cleveland.  Rented out property for almost 2 years at a monthly loss, but continued to make all mortgage payments.  Was approved for short sale last October.  Our credit scores were 780 range prior; now they are in the 703-742 range.  No late payments of any kind.  Looking to purchase home, read FHA rules regarding short sales, seems we would qualify for an FHA mortgage, but trouble finding a lender who wants to go through the work of getting us approved because of all the additional work involved with our case.  Otherwise our finances are impeccable, high income, low expenses, little debt.  Even own several rental properties.
  • May 17 2012 - Cleveland
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Answers (2)

FHA allows purchase after a short sale immediately as long as there are no delinquencies.
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  • May 27 2012
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i would be happy to help. email [email removed by Zillow moderator]
  • May 17 2012
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