Being a REALTOR® that holds a Certified Distressed Property Expert (CDPE) designation, I’ve helped many hard-shipped homeowners avoid foreclosure by representing them in a short sale. After all, Southern Nevada was arguably the hardest hit area in the Country when the housing bubble burst. Some property values decreased as much as 60% in less than a year! Combine that with record unemployment and it’s no wonder why many homeowners struggled through financial difficulty. While those successful short sales were bittersweet it did allow my Sellers to close a stress filled chapter in their lives.
Fast forward to 2015 and there are new loan programs available welcoming them back to homeownership! Traditional home loans are a reality in as little as 3 years from their short sale date! A recent MSN story is an example of this very situation (link below). While I’m sure it will meet with much criticism, the current guidelines, restrictions, and the thorough underwriting Lenders are practicing will determine who can actually qualify.
To get started, contact me so I can introduce you to my local preferred lender Brad Malkin with Noble Home Loans. He’s well versed and up-to-date with all things lending and has direct access to these loan programs.
Mike Rebarchick (702) 501-8726 or firstname.lastname@example.org