Updated over 9 years ago on . Most recent reply
Financing after short sale (FL)
I had a short sale almost 6 years ago. Since that time I have purchased a primary residence and a duplex (in TX). Credit scores are solid and I have built up a good liquid asset base. I am currently trying to obtain a loan for an investment in FL and am being told that FL underwriting standards are very strict thus possibly preventing me from obtaining a conventional loan with 25% down.
Can anybody offer any experiences or advice regarding obtaining financing in FL after a short sale? Apparently the short sale needs to be aged at least 7 years prior to obtaining a loan for investment property in FL...