If possible, a short sale is a much better option than going into foreclosure. Here is the second reason why.
An Investor who allows a property to go to foreclosure is ineligible for a Fannie Mae backed investment mortgage for a period of 7 years.
An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed investment mortgage after only 2 years.
Spending a little bit of time now with a qualified agent may save you years of waiting to re purchase a home later on.
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Shayne is a full time Realtor working throughout the West Valley. He and his Team promise to offer you the very BEST service. Considering a short sale? Shayne has his CDPE and CSSN designations.
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