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Updated about 14 years ago,
Shortsale Purchase, Refi Seasoning?
Hi all, newbie here again :lol:
I was just wondering if there is a certain amount of time that must pass before I could refinance a loan on a home If I purchased it as a shortsale or REO.
For Example
Shortsale purchase price $260k
Market value at time of purchase $300k
A little time goes by and appreciation makes value = $340k
Is there a time limit or any restrictions on refinancing or getting a HELOC/2nd.
Thanks in advance