As your Orange County Short Sale Realtor, we will share some of our Observations.
First, let’s look at Short Sale vs. Foreclosure. The primary concern would be the ability to obtain a mortgage in the future. Second would be the effect on credit score and credit history. You may have more concerns, and if so, feel free to give my team a call, or watch more of our videos below. If you would like more information on short sales please read what FannieMae has to say.
In a foreclosure, you may have to wait up to seven years to quality for home a loan. With a Short Sale, you may be able to qualify for a Fannie Mae back loan in as little as two years, as long as you are able to meet loan criteria. Obviously, Short Sales are a better choice with just future home ownership is in mind.
אין תגובות:
הוסף רשומת תגובה