Monday, April 5, 2010
Foreclosure Waiting Period
If you are going to sell your home as a "Short Sale" or a "Foreclosure", keep in mind that the foreclosure waiting period (the length of time before you will be able to qualify for another home loan) has been increased from 3 years to 5 years. Short sales are now considered the same as a foreclosure with respect to buying another home on credit.
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