Valued Member
Posts: 33
Registered: ‎04-12-2011

Defying the Odds

Hi Everyone!  I don't post too frequently but I do browse other posts and I have always found the information very helpful. 


Here is my story.  I am under contract on a home.  I sold my previous home through a short sale (was getting divorced couldn't afford the house without his income) almost 2 years ago.  I received a preapproval about 2 weeks ago from a mortgage company that works with my credit union.  I do have to put down 20% but for me it is worth it.  This home is perfect and cheaper (with taxes and insurance) than my current rental!  I can't close until after 11/23 due to the short sale but the seller has agreed to wait and will be paying my closing costs.  The next couple of months will be stressful especially when my file is underwriting however my LO is confident.


I will keep everyone in the loop on the process.  I anticipate having to provide A LOT of documentation.  But if any of you have experienced a short sale it looks like there is still hope to buy 2 years later!   I was turned down by lender after lender.  Good luck everyone!

Regular Contributor
Posts: 191
Registered: ‎07-02-2012

Re: Defying the Odds

good luck!

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+