If you lost your home through a short sale or deed-in-lieu of foreclosure, you may not have to wait five years before you are eligible to finance your next home.
Fannie Mae is directing its lenders to relax rules making mortgage applicants who have done short sales or given up their homes with deeds in lieu of foreclosure ineligible for a new mortgage for many years. Instead, you could be eligible for Fannie Mae financing in as few as two years. The new standards go into effect July 1st. Continue reading ‘Recent Short Sale or Deed-in-Lieu of Foreclosure? You CAN Buy Again!’
- |
- |
-
(1 votes, average: 4 out of 5)
Loading ...
(7 votes, average: 4.86 out of 5)
