10-22-2012 08:22 AM - edited 11-21-2012 12:44 PM
10-22-2012 02:50 PM - edited 11-17-2012 05:23 PM
10-22-2012 05:51 PM
10-22-2012 06:14 PM - edited 11-06-2012 07:40 PM
10-22-2012 08:10 PM
Had a short sale in 2010 so I'm still keeping my fingers and toes crossed!
10-22-2012 08:22 PM
So true. It's great to have company these exciting and nervous times.
We locked and are approved for a 30 yr fixed conventional at 3.25%, but we still have the option of chaning the product to any of the following before 10 days to closing.
maryellis1981: I'm just ignorant and curious...what are those dark shaded areas on the roof in your picture?
10-23-2012 08:15 AM
I thought with short sale you have to wait 3 years, what did you do to get approval?
10-25-2012 08:27 PM
Yes that's what most lenders were saying but I was able to get a commitment from a mortgage company that works with my local credit union. It's a conventional loan and I am putting down 20%. My middle score is also at 712 so my credit recovered pretty well. When I closed on my short sale I only had a 60 day late and I also reaffirmed $10k of the bank's loss as a 5 year promissory note. The LO said these two factors were helpful to my case. I have no other lates on my credit report. The only condition the underwriter required on my committment was that I cannot close any earlier than 11/26 which would be 2 year 3 days following the closing of my previous short sale. There is a small chance that I could not close but my realtor feels pretty confident now that I have the mortgage commitment so I have started packing!