03/10/2012
Buying A Home After A Short Sale with an FHA Mortgage Loan
If you are trying to sell a home through a short sale and then buy another home, it is critical that you understand what mortgage options are available to you. Right now only the FHA program allows move-up home buyers to get approved for a mortgage after completing a short sale of their existing home.
FHA has established specific criteria under which a home purchase after a short sale is permitted.