Fresno Real Estate News
June 19th, 2012
Buying a Fresno Home After a Short Sale
When Will I Be Able to Buy A Home After a Short Sale?
Short Sale Help
How soon can I buy a home after a Short Sale? This is one of the many questions that Fresno home owners ask us before they decide to move forward with a short sale on their Fresno Ca home. Many times it is one of the last obstacles to moving forward with a short sale. In one case a family waited and debated over a year and a half whether to proceed with Short Selling their Fresno home, which ultimately delayed their buying options a year and half longer then needed. The sooner you can move beyond your fears and hesitations and get the information you need, the sooner you will be able and ready to buy again when your credit is repaired.
How soon can I buy a house after a short sale? 2 years or sooner! This will vary from borrower to borrower and from lender to lender but the avg recovery time to purchase again seems to be roughly 2 years after a short sale.
How soon can I buy a house after a foreclosure? 5-7 years depending on circumstances and the original lender and loan. It is VERY IMPORTANT to speak with an attorney as well as an experienced lender before making any decisions about a short sale or foreclosure.
In some cases (not all) buyer’s have worked with a credit repair organization to move the process along further and faster. This may or may not be the best option for you and your family. We would encourage you to take your time, save and prepare yourself for the right buying opportunity. Get the information you need with our FREE Short Sale info packet and consultation so you can make an informed decision.
We would love the opportunity to chat with you about your unique situation and about your buying options after a short sale. Give us a call at 559.325.4043 or contact us through the form below and we will be in touch.
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