The Short Sale That Got Away
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She says that the short sale process has been taking so long that "the buyer has either walked away from the property, or buyers’ circumstances have changed, and the buyer can no longer purchase the property." She also notes that in some instances, the banking guidelines have changed, and buyers have no longer qualified.
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We made the mistake of getting short sale specialists involved that did a horrible job and the couple somehow got stressed and delayed even further until they were just a couple days away from foreclosure.
Nevertheless, a short sale will likely prevent you from getting another mortgage right away. The amount of time you must wait before applying for a new mortgage loan depends on the type of lender and your financial circumstances. Read on to learn more. Getting an FHA Loan After a Short Sale
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We were able to get a full deficiency release ( which means they won't come.. In spite of the dreary realities, deciding to sell in a short sale may get you out of a.
With a few exceptions, if you’ve got those two qualifiers going for you, you are likely to get short sale approval. There are a few banks who will not do a short sale under normal circumstances, but you can just stay away from PNC Bank and eliminate half the battle. Most banks aggressively pursue short sales and want to approve them.
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