Short Sale And Credit Damage
Monday, February 7th, 2011Short Sales, Foreclosures, and Credit Damage For borrowers with a foreclosure, short sale, or deed in lieu of foreclosure on their credit history, the following time lines apply before they’ll be eligible for a conforming, conventional mortgage (Fannie Mae/Freddie Mac): · Foreclosure: 5 years from completion date, minimum 680 FICO with a minimum 10% down payment [...]