How Long After Foreclosure Does It Take Before You Can Buy Again?

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How long after foreclosure does it take before you can buy again? Jay Brinkmann, chief economist for the Mortgage Bankers Association says that “It could be well over seven or eight years before walkaways are able to obtain a mortgage to buy a home again.”

For those that have either had a short sale, the time frame to qualify to buy another home can be considerably less. We encourage those home owners that are facing a foreclosure, to weigh all of their options, especially the short sale alternative.

After foreclosure: How long until you can buy again? « Rightways's …

After foreclosure: How long until you can buy again? May 28, 2010 — rightways. NEW YORK (CNNMoney.com) — Walking away from a mortgage you can still afford to pay has consequences; everyone knows that. Your credit score is shot and it …

Publish Date: 05/28/2010 3:49

http://rightways.wordpress.com/2010/05/28/after-foreclosure-how-long-until-you-can-buy-again/

Mortgage Rates To A New Low Providing Home Buying Opportunity

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Attention: Home Buyers! Mortgage rates have fallen again. This means that it’s easier to qualify for the loan and you can get more house for the money.

Mortgage rates sink to lowest this year | KVAL CBS 13 – News …

Mortgage rates have fallen to the lowest level of the year as investors poured money into the safe haven of US government securities.

Publish Date: 05/27/2010 15:53

http://www.kval.com/news/business/95029004.html

Lancaster CA Home For Sale – Quartz Hill

Quarter Stairway 44065 Quarter Street, Quartz Hill
$259,900

Beautiful executive home. Attractive entry way with high ceilings. Formal living room and dining rooms. Modern kitchen and spacious family room. One bedroom and full bath downstairs + office. Large loft upstairs. Upstairs laundry room. Visit HomePath.com for financing incentives.

More Info

For a private viewing contact 661-726-0696 or Click Here To Email Us

Palmdale CA Properties Adobe Dr Home

Adobe. e8453bba-f7d6-1830-9984da2dc5525763 3700 Adobe Dr, Palmdale
$224,900

Spacious newer home with formal living room and dining rooms. Family room has fireplace and open to modern kitchen with center island. Call to check out this four spacious bedrooms with laundry room upstairs. Other amenities include paved and gated RV access, concrete patio, block walls and three car garages.

Property is approved for HomePath Renovation Mortgage. HomePath by Fannie Mae
More info or contact us on this or any other homes on the market.

For Additional Properties
Call (661) 726-0696 or get your hot list Click Here



Short Sales Antelope Valley

How do I do a short sale in Palmdale Lancaster?

Have you been turned down for a loan modification and thought your only option was foreclosure? Not so. You may qualify for a short sale. Do you need or want to sell your house, but you owe more than what your house can sell for? Depending on your bank or mortgage company, you may find out in as little as a few days to a week if you are approved for a short sale. Our processors work with more than 50 banks.

Robert Macias gives a brief summary of “what is a short sale” and what is expected to happen during the short sale process. Call to speak with an agent for more information at 661-726-0696 or email us here


Palmdale Pool Home Cristallo

Cristallo.bee2e232-a6d8-b322-66a1def50cc809aa 36832 Cristallo Court, Palmdale
$194,900

This home is move-in ready. Many amenities include bright and modern floor plan with spacious kitchen with center island, newer appliances, family room with fireplace, an office or den downstairs, three bedrooms upstairs, new interior paint, three car garage and beautiful stone trimmed in-ground pool and spa. Truly an entertainer’s backyard. Property qualifies for Fannie Mae HomePath Mortgage and HomePath Home Protection.

Visit Fannie Mae HomePath.com

More Info on 36832 Cristallo Court

Fannie Mae Closing Cost Assistance

scan0001 New Closing Cost Assistance and Appliance Incentive

*Lenders may impose their own limitations on the use of the 3.5% incentive, so buyers should consult their lenders for guidance.

Buyers purchasing properties listed on HomePath.com that are closed within this time period may receive up to 3.5% of the final sales price for one of the following:
• Closing costs;
• The purchase of new Whirlpool® appliances by Fannie Mae; or
• A mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%.

To be eligible for this incentive:
• Offers must be accepted on or after January 28, 2010
• Property sale must close before May 1, 2010
• Buyers must be owner-occupants, investors are excluded

Speak to a real estate professional or visit HomePath.com for more info.
Call 661-726-0696 for more info or email us here

HomePath.com by Fannie Mae