Showing Off Spencer-Discovering Spencer, the Brookfields, Worcester County, Massachusetts and New England: The Big Question~How long after a Short sale, Foreclosure, Bankruptcy...

The Big Question~How long after a Short sale, Foreclosure, Bankruptcy...

One of the top questions I get as a Realtor in this market is, "How long do I have to wait after a short sale, foreclosure, or bankruptcy before I can buy a home again?"

In this crazy Real Estate market, high unemployment, and struggling economy, this seems to be one of my most asked questions.  One of my Mortgage friends supplied me with the following chart.

short sale chart Fannie Mae

This chart was supplied to me by:Wendy Burdett

Loan Officer 
Prospect Mortgage 
NMLS# 40660
1393 Grafton St., Ste. D 
Worcester, MA 01604


 Pam Crawford

Pam Crawford, ABR,e-PRO®,CRS,CDPE,LMC

Owner, REALTOR®, Managing Partner, MBA, BSBA
RE/MAX Professional Associates

 

phone/fax (508)-784-0503    
e-mail: Pam@PamCrawford.com
www.PamCrawford.com
www.CrawfordRealtyTeam.com

 

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Comment balloon 3 commentsPam Crawford • October 02 2012 04:29AM

Comments

Good Morning:  This is some very good Info for all in the market,  Keep up the good bogs,  E

Posted by Ed & Tracy Oliva, The Oliva Team Arizona Agents (West USA Realty - Arizona) about 6 years ago

Pam, that is great informative information- short and sweet. Thanks for sharing

Posted by Bill Carroll, IN REAL ESTATE, REPRESENTATION IS EVERYTHING (The Corcoran Group Real Estate Co.) about 6 years ago
Thank you for the great education. I learned so much from your post.
Posted by Lucas Taylor (Keller Williams Miami Beach ) about 6 years ago

Participate