Profile picture for Michael Evans

Michael Evans

Lender

Sr. Loan Officer, NMLS, Licensed To Lend in 46 States, Servicing all 58 Counties in California (10 years experience)

Specialties:
Purchase Loan,
Refinancing,
Mortgage Planning,
Foreclosure or Short Sale is OK

Advice

  • (13 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

How long do you have to wait after a short sale for either a conventional loan or a FHA loan?

Answer

It is somewhat of a punishment to have to wait while home prices go up. "Why Wait?......That is why we created the special 2nd chance loan program to allow consumers to Purchase a Home after a short sale or a Foreclosure with No waiting period at all. Michael Evans Banc Home Loans [Website removed by Zillow moderator, see our Good Neighbor Policy]

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HOW LONG DO I HAVE TO WAIT BEFORE I CAN BUY A NEW HOME AFTER A SHORT SALE?

Answer

It can be confusing and deflating to consumers who have to wait 3 -7 years after the unfortunate incident of a Foreclosure or 3-4 years after a Short sale and be able to Purchase and or Refinance again. Housing Prices are going up while Most of these consumers are now renting from a landlord or are living with family or friends to have a roof over their head. However there is a solution to help these consumers get back the Pride of Homeownership and Not have to wait years to buy their home again. Depending on your unique situation and where you reside, you may have more options.[Self-promotional content removed by Zillow moderator, see our Good Neighbor Policy]Michael EvansSr. Loan OfficerBank Home Loans[Contact information removed by Zillow moderator, see our Good Neighbor Policy]NMLS 251165

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How long do you have to wait after a short sale for either a conventional loan or a FHA loan?

Answer

It can be confusing and deflating to consumers who have to wait 3 -4 years after the unfortunate incident of a Short sale or 3-7 Years after a Foreclosure and be able to Purchase and or Refinance again. Most of these consumers are now renting from a landlord or are living with family or friends to have a roof over their head. However there is a solution to help these consumers get back the Pride of Homeownership and Not have to wait years to buy their home again. Depending on your unique situation and where you reside, you may have more options.Michael EvansSr. Loan OfficerNMLS 251165[Self-promotional content removed by Zillow moderator, see our Good Neighbor Policy]

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WHEN CAN I PURCHASE AFTER SHORTSALE

Answer

The Majority of Families who have had a Foreclosure or Short Sale end up having a history of Mortgage Late payments. and  It can be confusing and deflating to consumers who have to wait 2-7 years after the unfortunate incident of a Foreclosure or Short sale or Deed in Lieu. Most of these consumers are now renting from a landlord or are living with family or friends to have a roof over their head. However there is a solution to help these consumers get back the Pride of Homeownership and Not have to wait years to buy their home again. Feel free to contact me so I can share the right path with a solid solution to your new home goals.

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Need advice on getting a new mortgage after foreclosure and bankruptcy....

Answer

It can be confusing and deflating to consumers who have to wait 2-7 years after the unfortunate incident of a Foreclosure or Short sale or Deed in Lieu. Most of these consumers are now renting from a landlord or are living with family or friends to have a roof over their head. However there is a solution to help these consumers get back the Pride of Homeownership and Not have to wait years to buy their home again. Feel free to contact me so I can share the right path with a solid solution to your new home goals.

  (0)
How long to buy a house after foreclosure and Bankruptcy chapter 7?

Answer

Bankruptcy chapter 7 = 2 years with us.It can be confusing and deflating to consumers who have to wait 2-7 years after the unfortunate incident of a Foreclosure or Short sale or Deed in Lieu. Most of these consumers are now renting from a landlord or are living with family or friends to have a roof over their head. However there is a solution to help these consumers get back the Pride of Homeownership and Not have to wait years to buy their home again. Feel free to contact me so I can share the right path to your new home goals.

  (0)
How soon after a short sale can I get a mortgage loan to purchase a house?

Answer

 The Back to Work program is a great program we do offer and it works for a small portion of Consumers who fit in that box. However it does not fit to the majority of consumers who have unfortunately had a Foreclosure, Short sale or Deed in Lieu. Here is an Immediate Solid Solution for All Consumers that have had a Foreclosure, Short sale or Deed in Lieu, and Not resorting to using a hard money loan.Introducing the "2nd Chance Loan" (AKA Expanded Criteria Loan) that has already been a game changer for thousands of consumers.-Highlights of the "2nd Chance Loan" : There is No Seasoning Period for someone who has had a Foreclosure, Short Sale or Deed in Lieu. They can purchase or refinance a primary residence Now with no waiting period. Prior Mortgage Late payments are Acceptable! 620 Min FICo Score, 20% Down payment up to 1-Million Loan Amount. 5 or 7 Year ARM Fully Amortized.No interest only option on this program.No Prepayment Penalty. Consumers who have lost their homes are now renters or living with family or friends and deserve a 2nd Chance to achieve again the pride of homeownership. This program has provided hope to consumers and has made a Positive for the economy and communities they live and work in.

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