Posts Tagged ‘buyer news’
When Can I Repurchase?
So many sellers ask me when they can repurchase after a short sale, foreclosure or bankruptcy. Following is a great synopsis of when a seller can repurchase after a distressed sale or bankruptcy, based on the type of loan/bankruptcy: FHA Loan: Chapter 7:Â Â Â Â Â Â Â Â Â Â Â Â Â 2 yrs. Chapter 13:Â Â Â Â Â Â Â Â Â Â Â 2 yrs. Foreclosure:Â Â Â Â Â Â Â Â Â 3 yrs. Short Sale:Â Â Â Â Â Â Â Â Â Â Â Â 3…
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Buyers Need to Seek Protection from Short Sale Fraud
The Department of Real Estate (DRE) sent out short sale fraud alerts this week to lenders and brokers, urging them to beware of short sale fraud and the inherent consequences involved for everyone, from buyers to agents, brokers and lenders. If you are considering purchasing a short sale property, even if you are working with…
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