Hi:
In December/January of 2008 I will be looking to buy my house back from my sister. She saved me from an ARM I could no longer afford. The only negative on my CR wlll be the investment property deal that went south on me. If I am saved by the short sale I am hoping for with that property, how will it read on my credit report? What term do they they use if it does not actually go into foreclosure? Will FHA approve me with a down payment and all my other bills are paid on time? Please advise. Thank you
