Can I buy a home after a short sale?

Can I Buy a Home after I do a short sale?

The short answer is "YES!!"   We have a client that we short sold her home back in the fall of 2009.  Her credit score dropped about 80 points but since then she has paid all of her credit cards, kept at least 3 tradelines on her credit report, and has just qualified (less than a year later!) for new $300,000+ home!!

Now every individual is different and many factors are involved but it can be done!!! Most people who do a short sale will qualify for a Fannie Mae backed loan just 24 months after their short sale has been completed!!

We have no idea what the future will bring as well -- there is a good chance that lenders will be more lenient on those that short sale as oppose to foreclose at it tends to show a bit more financial responsibility.  Plus the credit scoring industry is constantly changing and hopefully it will be better for home buyers as more and more of America ends up with a short sale on their credit.

Short sale your home today with the local Phoenix - Scottsdale short sale experts at www.AzHomeHelp.com!!!