Buying a home after completing a short sale is not impossible! Depending upon the type of short sale you completed, whether or not you have additional properties that are upside down/under water, your credit rating, and the amount of downpayment you have, you may be able to purchase a home right away or need to wait 2-5 years after completing the short sale.
Tag: Livermore Short Sale
Congress Extends Tax Credit Closing Deadline Until September 30, 2010
Congress Extends Tax Credit Closing Deadline Until September 30, 2010 Congress has passed a bill to give homebuyers another three months to close on their home loans and receive tax credits up to $8,000. The bill applies ONLY to homebuyers who met the April 30, 2010, deadline with a signed contract to purchase a new…
Home Buyer Tax Credit Extension Stuck in the House
The bill to extend the buyer tax credit passed the Senate, but is now sitting in the House of Representatives, where it is expected to pass should it actually get voted on in time.