David Monroe's Real Estate Blog

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  • Short Sale and Foreclosure Waiting Periods

    Performing a short sale can be stressful time in a homeowner's life, and when additional financial distress is involved, it can sometimes be difficult to see the light at the end of the tunnel.  Financial distress that results in foreclosure can also make it challenging to be optimistic about the future. However, I've recently ...
    Posted to David Monroe (Weblog) by 633952 on November 21, 2013
  • ONE YEAR Waiting Period for FHA Loans After Short Sales

    The FHA recently changed its post foreclosure and post short sale waiting period from three years to one year for eligible borrowers.  Their new "Back To Work-Extenuating Circumstances Program" reduces the waiting period for people who had a foreclosure or completed a short sale or deed in lieu of foreclosure during the ...
    Posted to David Monroe (Weblog) by 633952 on November 21, 2013