Buying again after a Short Sale

After a short sale A notation on your consumer's credit profile of 'settled for less than owed' (short sale) precludes the consumer from obtaining an institutional loan for 24 Months per Fannie Mae, also depending on the lender / program and regardless of FICO score."

• Short Sale
  Some Real Estate agents say the good news for short sale sellers is the wait is much shorter before buying another home, but that belief may be a falsehood.

  Can a seller buy again after two years? Maybe  Fannie Mae guidelines require 24 months' seasoning, and there's no way to get around this."
  
  So is a short sale worth it?
  Compare to 7 years for a foreclosure, you do the math.
  
  Try to look at it in prospective, you are just putting your life in
  re-organization mode for two years.
  
  After that! if you have stayed out of trouble financially, paid back your credit cards on time using a credit service or directly to the credit card company, you should be good to go.

Call us, Lets talk about your situation
786-385-4700