Zillow Advice: Approval Process - Will we be able to get a mortgage after short sale in Las Vegas, NV http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ Zillow Advice | Zillow Real Estate As long as you are not delinquent ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ As long as you are not delinquent at the time of short sale, you can qualify immeidately for a mortgage. If you are delinquent at the time of shortsale then it acts exactly like a foreclosure. You also need to be careful of taxes as the amount you short sale by is taxed as income from the Federal government. Mon, 13 Jan 2014 19:10:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2014-01-13T19:10:00Z Your credit score will take ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ Your credit score will take a dramatic hit when the short sale pops up. Mon, 13 Jan 2014 18:55:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2014-01-13T18:55:00Z Hello,Yes! You can buy again ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ Hello,<br/><br/>Yes! You can buy again after short sale.. e<em>[self promotion deleted by Zillow moderator. Please see our good Neighbor Policy for posting guidelines]</em> Thu, 09 Jan 2014 22:07:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2014-01-09T22:07:00Z Yes. It will take time depending ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ <p>Yes. It will take time depending on credit, amount of missed payment if any, and the situation but it could be later than three years and it could be as early as the same year the short sale took place.</p> Sat, 23 Nov 2013 04:57:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2013-11-23T04:57:00Z [promotion deleted by Zillow ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ [promotion deleted by Zillow moderator.&nbsp; Please check out our Good Neighbor Policy for posting guidelines] Fri, 15 Nov 2013 23:30:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2013-11-15T23:30:00Z A short sale or foreclosure ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ A short sale or <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a> will lower your credit score.&nbsp; If your credit score becomes too low, you won't be able to get a <a href="http://www.zillow.com/mortgage-rates/">loan</a> for several years, however we are seeing people with excellent credit to the point that even with the points taken against them for the short sale or foreclosure, they are still above the score needed to get a loan and buy another home. Mon, 19 Dec 2011 07:44:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2011-12-19T07:44:00Z Hello Suzie, Steve did a ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ Hello Suzie, Steve did a good job of giving you the time frames etc. I am not a <a href="http://www.zillow.com/directory/lenders/">lender</a> but there is a program that you can qualify conventional 20% down only 1 year after the short sale. I am not allowed to put people's information on here so please contact me and I would be happy to give you his information. Good luck! Mon, 19 Dec 2011 07:04:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2011-12-19T07:04:00Z I have a lender that&nbsp;I ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ <p>I have a <a href="http://www.zillow.com/directory/lenders/">lender</a> that&nbsp;I have worked with for over 12 years. I can get her number to you if you would like to talk with her. I am restricted from putting her information in this message. Just contact me and&nbsp;I will give you her number.<br/>Thank You<br/>Suzie Marquardt</p> Mon, 19 Dec 2011 05:44:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2011-12-19T05:44:00Z I would be amazed if you ... http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ I would be amazed if you have two lates and are still over 800 now, unless you are using the Vantage system.&nbsp;&nbsp;<br/><br/>Under current rules you would have to wait 2 years to get a conventional <a href="http://www.zillow.com/mortgage-rates/">loan</a> and 3 years for a <a href="http://www.zillow.com/fha-loan/">FHA</a> loan.&nbsp; There are a couple of kickers though.&nbsp; First to get a conventional loan in two years you would have to put 20% down.&nbsp; To get it with 10% down you would have to wait 4 years and find someone willing to provide <a href="http://www.zillow.com/mortgage-glossary/Private-Mortgage-Insurance-%28PMI%29/">private mortgage insurance</a> or you could wait 7 years for a 5% down mortgage.&nbsp;&nbsp; <br/><br/>Of course your credit would have to be good enough at the time too.&nbsp; Another thing to consider is Nevada is a recourse state.&nbsp; The bank may not allow a short sale or may expect you to sign a note saying you will a portion of the money back.&nbsp; There may also be taxes to worry about depending on your circumstances.&nbsp;&nbsp; Sun, 18 Dec 2011 23:36:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-get-a-mortgage-after-short-sale-in-Las-Vegas-NV/426152/ 2011-12-18T23:36:00Z