VA requires 2 years from the sale date on a foreclosure. The 2 biggest concerns will be whether or not you've re-established your credit since the foreclosure and how much of your VA entitlement you have available.
How much did you buy the previous home for?
Please feel free to contact me for more info or help with your VA mortgage. You can also find additional info on my VA mortgage website by clicking the link below.
Senior Mortgage Banker
Bank owned properties like HUD, Fannie Mae, and Freddie Mac, being government owned, have policies/rules that for the first 7-15 days of a listing they will only sell to owner occupants (buyers committed to moving into a house shortly and having it as their permanent residence (over 6 months per year). This is a matter of public policy and the law. The objective is to stabilize neighborhoods with owners not renters. Neighborhoods with more that 50% rentals are usually lose value.
If you lie, here is what Fannie Mae says "In the event that I do not occupy the property as my primary residence in accordance with the above certification, I shall pay Ten Thousand Dollars ($10,000) to Seller as liquidated damages, which amount shall be in addition to Seller’s right to retain any earnest money deposit and any other funds then paid by the Purchaser as liquidated damages pursuant to Section 19 of the Real Estate Purchase Addendum and any other remedy available to Seller at law or equity. Additionally, I agree to pay Seller’s reasonable attorney fees and costs incurred by Seller in enforcing its rights hereunder."... more
Looks like you just went through a loan application. Have you tried asking your loan originator these questions? They should be able to answer all of them for you.
If you are buying a primary residence, you are committing to move into the home within 60 days of funding the transaction and live there for 12 months.
Please feel free to contact me directly if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!... more
Most scorpion problems arise when you disturb the ground area significantly or have a lot of crickets. You may want to contact a Pest Company that specializes in scorpions if you want meore details.
If you need further information please contact me.
Have a GREAT evening!
Vivien L Biggs PLC
Prudential Arizona Properties
Check MLS for homes on my website
rossmar and graham, the biggest crooks in all hoa history. security is here just to watch us hard working individuals make mistakes, like leaving your trash can out an extra night or car parked out in the street overnight accidentally. Then slap you with a fine. No use disputing these, they just add "rebilling fees" in addition to late fees during your dispute. 10 year resident... more
Like it has been said before that just means that those items are not included in the sale. However if you have not written the contract yet and those are items that you really want, you can still ask for them in the contract. That could be a good negotiation point for you. Good luck!... more
As you have seen, each HOA has different rules. Some HOA communities actually cater to winter visitors with RVs. Others, want them parked off the property or in designated areas. Your Realtor can help you find a home with on site RV parking.
For example Robson's Pebblecreek community allows on the property storage in designated areas.
The Realtors have more information on the MLS than a consumer will be able to find on the MLS or Trulia.
Arizona Homes and Land
HomeSmart Realty... more
The answer is yes, but you must meet certain criterion. If the only hit to your credit report is the short sale and not unpaid HOA fees, slow payments on credit cards or other credit challenges, it take about 2 years before you can qualify for a loan. You will need proof of income, a credit score of at least 620 or more and low credit card debt. If you have other problems you need to get these fixed before starting the clock.
If you had a good credit history of paying your bill on time for a number of years before the short sale, have staid current on all other obligations, and have steady income (job) there are some sellers who will provide owner financing sooner. Generally this is at higher interest rates 6-8% and they prefer a 10-30% down payment, but there are exceptions.
Besides being an agent , I am a mechanical engineer. It is impossible to accurately speculate as to the cause and risk these cracks portend based on the information available. I recommend you hire a structural engineer to provide an assessment. A regular "home inspector" is not qualified to make this determination. As has been stated, the cause can be as simple as normal settling, compacted soil under the slab (which may or may not be a problem in the future) or expansive soils that have not been property drained or addressed in the design. I also had a few cracks show up in my house due to some swaying during the last earth quake, but they are not a structural concern given the house design, so they just need to be patched.
If you need the name of a structural engineer, please call me.