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	<title>Janice Spencer, DRE# 01209001</title>
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	<link>http://janicespencer.com</link>
	<description> Real Estate</description>
	<lastBuildDate>Wed, 01 Feb 2012 04:57:04 +0000</lastBuildDate>
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		<title>Buy Another Home After a Short Sale &#8211; Part One</title>
		<link>http://janicespencer.com/2012/02/01/buy-another-home-after-a-short-sale-part-one/</link>
		<comments>http://janicespencer.com/2012/02/01/buy-another-home-after-a-short-sale-part-one/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 04:57:04 +0000</pubDate>
		<dc:creator>Janice Spencer, DRE# 01209001</dc:creator>
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		<description><![CDATA[Did you know that now it is possible to purchase another home immediately after completing a short sale of your current home under certain circumstances?  The FHA has a loan program to assist distressed Sellers to purchase a replacement home depending on the circumstances.  Here are a few of the guidelines: You can not have [...]]]></description>
			<content:encoded><![CDATA[<p>Did you know that now it is possible to purchase another home immediately after completing a short sale of your current home under certain circumstances?  The FHA has a loan program to assist distressed Sellers to purchase a replacement home depending on the circumstances.  Here are a few of the guidelines:</p>
<ul>
<li>You can not have any late payments in the last twelve months on the mortgage of the home you are attempting to short sale.  This means that the investor guidelines on your current loan allow for approving a short sale even though you are current on your payments.</li>
<li>You can not be trying to short sale your current home just to take advantage of the down market.  In other words, you can&#8217;t short sale your current home of 2000 square feet to buy another home that is 2000 square feet at a price that is $200,000 less than what you owe on your current property.</li>
<li>You must meet minimum credit score requirement.</li>
</ul>
<p>If you want to know if this program may be just what you need to move you into a better ownership position, give me a call or send me an email and we&#8217;ll talk.  And if you know of anyone who may need assistance with figuring out what their options are to avoid foreclosure or strategically improve their ownership position, please let me know so that I can get them important information while they still have time to choose.</p>
<p>Warmly,<br />
Janice Spencer</p>
<p><a href="http://www.guaranteedresultsteam.com/Distressed-Homeowners">Guaranteed Results Team Distressed Homeowners Page</a></p>
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