Recent Short Sale? How Long Does Your Buyer Have to Wait to Purchase a Home?

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Bankruptcy, Foreclosure, and Short Sales

The facts about how long buyers must wait before obtaining financing

“How long do I have to wait to purchase a home when I’ve had a recent short sale?” This is a typical question a real estate agent may receive when their buyer has had a recent bankruptcy, foreclosure or short sale in the past. As you may already know, getting into a home after one of these circumstances is not impossible but may require some waiting on your buyer’s part.

Check out Absolute Issaquah’s quick reference guide for wait times on bankruptcy, foreclosures and short sales below. Your buyer may think that this is a simple short answer but depending on type circumstance whether a (bankruptcy, foreclosure or short sale), the loan program, wait times and even amount of money they need to bring can defer substantially.

If you or your buyer have any questions regarding the chart below, or any additional questions for qualifying for a loan go ahead and give one of or Issaquah Mortgage Advisors a call or email!

Credit Timeline

This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to
compare loan types when making a financing decision.


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