Maine Short Sale Vlog: Qualify for mortgage after a short sale – no wait time!

Most people don't realize that a Maine short sale seller can qualify for a mortgage immediately after completing the sale. A few criteria must fit:

  • Seller must not have been late on the mortgage or any consumer debts within a 12 month period preceding the short sale
  • Seller cannot be taking advantage of declining conditions

For sellers with late payments prior to the short sale then they are looking at a 24 month wait period.

Other credit and income criteria are going to be looked at as well during the application process.

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