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Short sale closing date?

I closed on my short sale in July of 2009. Can I get conventional financing in July of 2016 or do I have to wait even longer than that? by d799462 from Denton, Texas. Jan 31st 2016 Reply


Gilbert Barteau (gbarteau)
#105 ranked lender in Texas - 41 contributions

Yes, you should now qualify. Give me a call for a rate & closing cost quote at 214.360.9991

Jan 31st 2016
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You shouldn't have any issues, call me in the morning to go over your options. 281-833-9424.

Jan 31st 2016
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

You should be okay.

Feb 1st 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Assuming you meet all other eligibility requirements, you can qualify now. the mandatory waiting period for a short sale is 4 years (foreclosure is 7). If it was a foreclosure, then you would need to wait 7 years and one month.. so August would be when you could apply. But if you want to know for sure, then try contacting a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Feb 1st 2016
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Mary Papageorge (MaryPapageorge)
#96 ranked lender in Texas - 48 contributions

Absolutely! You should not have any issue for Conventional financing. Although credit scores are factored, but as long as you've been paying everything on time since then I am sure your scores are probably pretty good! Please contact me at 713-569-0025 and I will be happy to go into further details with you. Mary Papageorge

Feb 2nd 2016
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