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SHORT-SALE UPDATE
July 30th, 2014 10:36 PM
The Fannie Mae deadline is fast approaching for those who did a short-sale on prior owned property. As of August 16th, 2014 buyers will be required to wait 4 years to purchase a home with conventional financing at 20% down. Currently, you can purchase a home 2 years out after a short-sale with 20% down using conventional financing. Buyers must be in contract/escrow to buy their next home by August 15th, 2014 if they don't want to wait for the 4-year time line. Contact me asap if you need any help.

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Posted by Reginald Jackson on July 30th, 2014 10:36 PMPost a Comment

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