The Come Back Buyer

The Come Back Buyer

“The Come Back Buyer”

How Long Do Buyers Need to Wait Before They Can Become Home Owners Again?

 

Summit Funding has been nice enough to share this information.

CONVENTIONAL 

CHAPTER 7 BK

4 YRS FROM DISCHARGE DATE

CHAPTER 13 BK

2 YRS FROM DISCHARGE DATE

4 YTS FROM DISMISSAL DATE

FORECLOSURE

7 YRS FROM RECORDED DATE

SHORT SALE

2 YRS – 80% LTV

4 YRS – 90% LTV

7 YRS – MAX LTX

LOAN MODIFICATION

4 YRS UP TO 90% LTV

7 YRS UP TO MAX LTV

EXCEPTION:

1 YR – IF NO PRINCIPAL REDUCTIONS

& HAVE MET MOD TERMS

 

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Barbara Reaume

Barbara Reaume is a real estate expert working for Coldwell Banker Montecito. She started her career as a real estate agent in 1984 and offers over 3 decades of experience in real estate sales. Specialties include Montecito real estate, Santa Barbara real estate, Santa Barbara homes, real estate financing In Santa Barbara, Montecito relocation, Santa Barbara relocation, short sales and foreclosures. Do you have specific questions about buying or selling real estate in the Santa Barbara area? Ask to be setup on Barbara's email-based home search to get instant alerts on price reductions and new Santa Barbara homes for sale in the area. Contact Barbara Reaume by email ([email protected]), phone (805-610-5403) to find out the value of your home, discuss your options. Connect on Google+ https://plus.google.com/103753350598984606081/about

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