Comments on: Repairing Your Credit After a Short Sale or Foreclosure http://www.bloggingbroker.com/repairing-your-credit-after-a-short-sale-or-foreclosure/ Fresno California Real Estate Sun, 24 Jul 2011 21:04:05 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: leslie http://www.bloggingbroker.com/repairing-your-credit-after-a-short-sale-or-foreclosure/comment-page-1/#comment-800 leslie Fri, 09 May 2008 20:53:01 +0000 http://www.bloggingbroker.com/repairing-your-credit-after-a-short-sale-or-foreclosure/#comment-800 HI ! I sold my home in a short in April of 07. It was my only solution. I worked in the mortgage industry and I new that a layoff was coming. I decided to rent my primary home and move in w/my parents. Well, the tenants would not pay and after they vacated the home, it sat on the market for a year. I was upside down and sold the home only about $8,000 less than what I owed and the appraised value. At the time, I thought a short sale was my only option because I was 6-months behind on the mortgage. FHA told me I would not be able to purchase again for 3-years. What a heartbreak. A single parent, elementary school teacher with a master's degree ~ and I can't even rent an apartment, because my credit is shot. This economy really sucks. Who knows...maybe I'll save up the 20% and go Conventional. What a joke. HI ! I sold my home in a short in April of 07. It was my only solution. I worked in the mortgage industry and I new that a layoff was coming. I decided to rent my primary home and move in w/my parents. Well, the tenants would not pay and after they vacated the home, it sat on the market for a year. I was upside down and sold the home only about $8,000 less than what I owed and the appraised value. At the time, I thought a short sale was my only option because I was 6-months behind on the mortgage. FHA told me I would not be able to purchase again for 3-years. What a heartbreak. A single parent, elementary school teacher with a master’s degree ~ and I can’t even rent an apartment, because my credit is shot. This economy really sucks. Who knows…maybe I’ll save up the 20% and go Conventional. What a joke.

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