Thursday, February 3, 2011

How long will a short sale or foreclosure affect your ability to purchase your next home?



We are just now getting feedback from underwriters on the affect that short sales and foreclosures have on borrowers ability to get a new mortgage loan.

What we know, homeowners will recover. A short sale or foreclosures is not the end of your creditworthiness and you will be able to buy again if you keep that dream alive.

See the stats here. Should you or someone you know have questions about the short sale process I am happy to have a compassionate and candid conversation about all of the options.

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