Boomerang Buyers-Default,Deed-in-Lieu,Loan Mod,Short-Sale, Foreclosure, or BK’s?

If you’ve had any of the adverse credit events mentioned above then you need to re-check your eligibility for obtaining a home loan. This chart below is a great guide:

Homeowneraferadversecredit

 

Perhaps you did a BK to stop a foreclosure. If it’s been officially resolved then check the chart below as you might be able to now SELL that home and move down OR up. Short-Sale? or even a Foreclosure? Remember, in Sonoma County we hit our official “bottom” in 2009. Relatively early during the historic real estate crash. If you had your financial event back in 2008 to 2012 it’s time to revisit your loan. If you have any further questions don’t hesitate in giving us a call or your loan professional. Allison: 707-799-3617

 

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