How Long do I have to Wait for a Mortgage after Short Sale or Foreclosure?

We’ve all heard the saying that ‘Bad things sometimes happen to good people’. If you have ever owned a home and have experienced both the pride of homeownership and the correlated sentiment of shame for having lost that home in foreclosure, short-sale, deed-in-lieu of foreclosure, or worse bankruptcy when the event which caused what I like to call the ‘housing event’ was caused by circumstances beyond your control then you can appreciate just how achingly long the waiting period before you are eligible for a mortgage loan can be.

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This article was written by ricardocobos

Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. I am a local market expert in southern Wake County in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603) which spans from downtown Raleigh to Willow Spring including Lake Wheeler.
Call or email me, I’m here to help!

Ricardo Cobos (919) 526-0183