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The Short Sale That Got Away

The Lowdown on Short Sales | legalzoom.com – A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a. The agent will also be able to find out information not readily available to the buyer, such as. Get legal help with financial matters GET STARTED.

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Dear Real Estate Adviser, I want to sell my house in a short sale. I haven’t had to sign an arm’s-length agreement, so can I sell to a relative?

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When Can I Get a Mortgage After Short Sale? | Nolo – Nevertheless, a short sale will likely prevent you from getting another mortgage right away. The amount of time you must wait before applying for a new mortgage loan depends on the type of lender and your financial circumstances.

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The minimum wait period and down payment requirements to get a conventional home loan after a short sale are: Two-year wait with a 20 percent down payment. Four-year wait with a 10 percent down payment. Seven-year wait with less than 10 percent down payment.

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