“When Can I Purchase Again After a Foreclosure or Short Sale?”
“When Can I Purchase Again After a Foreclosure or Short Sale?” is a question we hear everyday from buyers! As the housing downturn started 5 years ago, you will start to find that buyers who suffered a financial hardship in the recent past may be in a position to buy again soon. For example, the FHA only requires 3 years after a Short Sale or Foreclosure, VA is only 2 years! As Fannie, FHA & VA fund 95% of buyers these days, here are their time lines when a buyer is allowed to re-purchase again.