How Long Until I Buy Again After Foreclosure or Short Sale?

If you have had a foreclosure, short sale or bankruptcy in the past few years, I am sure you are like most customers I run into.  They always ask, “Hector when will I be able to purchase a home again?”.

This is a great question and concern that should have been addressed prior of the decision to foreclose, short sale or bankruptcy.

Also, please keep in mind a foreclosure + bankruptcy can always be much more negative than either one alone.

At this point in time, if you wish to obtain an FHA loan, you must wait at least 3 years after trustee sale for a foreclosure, 3 years from completion/closing of a short sale if you were in default and 2 years from discharge date of a bankruptcy.

If you want to pursue a conventional loan, you must wait 4 years post chapter 7 and 11 bankruptcy with some exceptions, 7 years post trustee sale for a foreclosure and 3-5 years post short sale closing.

But there are ways to buy with out credit

  1. Down payment of 35% or more with a private investor with high interest rate
  2. Rent to Owned

You can have a lawyer firm fix your credit, check this group georggin law

Do you Owe More than your Property is Worth?

Are you upside down on your Mortgage?

Is your home worth less than you owe?


To Find out more on how we can help you, gives us a call at 877-611-2288 or 714-231-9061 or email Hector Reyes

Hector Reyes, Short Sale Specialist

¡Hablo Español!

Want to know more about me?  Just Google me!

T: 714-231-9061 | Email: | Website: |DRE Licensee: 01832572 | All SoCal Homes | Victorville, CA 92392


About Hector Reyes

Hector, a lifelong resident of Southern California, began his career in 2006. His comprehensive background includes nearly all aspects of the Real Estate industry. He is fluent in Spanish and specializes in assisting home buyers and sellers with their Real Estate needs. Hector believes in educating clients about the process of a residential sale and purchase and is dedicated to providing a customized approach to each client's needs. He uses his experience and knowledge to ensure a seamless transaction. In his spare time, Hector enjoys spending quality time with family and friends. Enjoy the benefits of local, experienced service for your Real Estates needs. Contact Hector today! Contact Hector for all your Real Estate needs DRE Unique Identifier #01832572 (877) 611-2288 Cell (714) 231-9061 Toll-free (877) 611-2288
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