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can short sale affect you to buy a house?and how long?

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January 22 2011 - Cathedral City
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2 years after the short sale is completed in our area...sooner if your finances improve and you can purchase with cash
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January 22 2011
Yes it will.  However, much of it depends upon other factors, such as the reason for the short sale, the amount of down payment you have for the 'new' home, and of course, your credit score.

The estimate is between 2-7 years.  With 10% down, good credit and a reasonable, extenuating circumstance for the short sale, you may be able to purchase a conforming loan within 2 years.  If you simply 'walked away' from your home, then you would be looking at 7 years.
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January 22 2011
 
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can short sale affect you to buy a house?and how long?
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