Wondering if you can get a mortage if you have done a short sale?This is a question that comes up a lot. When asked this question from Jeff Palermo of Relient Mortgage this is what he had to say:"Many of you have asked about getting a loan for someone who recently had a short sale. The guideline direct from MA housing which follows Fannie Mae's rules now - Short sales must have taken place 2 years prior to credit report date and a max ltv. 80% 4 years for an ltv of 90%. For many this is the only option to get out from a bad situation when they are upside on a home but they should be informed that they will be forced to rent for at least 2 years and will need at least 20% to put down. "March 12 2011 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.