Home Buying After a Short Sale

Home Buying After a Short Sale

A preforeclosure sale, commonly referred to as a short sale, is the sale of a residential property in lieu of foreclosure for an amount less than what is owed on the mortgage. It’s one of those scenarios that should be stringently avoided, but nonetheless became more common after the economic downturn of the late 2000s….

How Soon Can You Buy a Home again after a Short Sale or Foreclosure?

How Soon Can You Buy a Home again after a Short Sale or Foreclosure?

Many Bay Area residents are ready to jump back into the Bay Area Real Estate market after having to sell their home through a distress sale (short sale or foreclosure) during the recent market downturn. There are many factors involved in the qualification for a conventional loan (Prime rate-based loans that are backed by Fannie…