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buying, Fannie Mae, home, investor, Loan Program, Mae Loan, SALE, Short
Short Sale – buying new home?
by Wade Morris Dunwoody Realtor on August 13th, 2012
Per Fannie Mae’s rules, when a borrower did a short sale, the individual can’t buy a new home with a Fannie Mae loan for 24 months (unless the individual did not default on the short sale loan). If the person defaulted (falling into the 24 month rule) can they purchase a new home with the VA Loan program. Who is the investor in a VA Loan?
Thank yous
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I’m part owner of Home Source Group of REMAX Greater Atlanta Realtors® specializing in Atlanta Homes in Brookhaven, Chamblee, Dunwoody, and Sandy Springs. Whether you are buying or selling your home we work with resale’s, first-time home buyers, companies relocating people to Atlanta, and most home sellers in northern part of the Greater Atlanta area.
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678-248-3500
wade@wademorris.net
2 Comments
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FHA allows it before 3 years. Not sure about VA.
The Government.