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Short Sale Your Home
and Buy Right-Away Program!
Yes, it's really true! You can now SHORT SALE your home and BUY another home right away! How you ask? The Federal Housing Authority (FHA) 4155 loan program advises that you follow these guidelines:

*You must have a FICO score of at least 640


*You must be current on your mortgage payments,
NO LATE PAYMENTS


*You must have purchased the home you are short selling with a conventional loan or other loan, not an FHA loan -- since the SHORT SELL AND BUY PROGRAM allows you to purchase a home with an FHA loan.

*You cannot purchase a better home.

For example: If you bought the home you are short selling for $700,000, the home you can NOW PURCHASE must be LESS than the original purchase price of the home you are short selling. That's awesome because most homes are worth less now than what they were in the housing bubble anyway.

*You must purchase a replacement home (usually) at least 30 miles from your current residence. For Example: You can't short sell a home in Los Angeles and purchase another home in Los Angeles. The new home must be a commutable distance, usually over 30 miles away.

*Exceptions are if your family size changed or due to job reasons or medical, or court ordered divorce, etc. It must be a true and believable reason.


*GIFTS are acceptable as down payments. Your down payment does not have to come from you. It can come from your Mom or Dad or a friend. It does not have to be a relative or blood related. So if you don't have the money for a down payment, someone can help you out.


*Short Payoff (Short Sale) must serve as payment in full.


*No prior bankruptcies or foreclosures are allowed on your record.


*3.5% MINIMUM down payment allowed You can also put up to 20% down (or more) if you wish.


This is an excellent FHA loan program. This program offers hope to many homeowners. You can shop for your home while you are in escrow with your short saled home and almost close concurrently.

Lots of homeowners are taking advantage of this new program. Hurry before they change the rules or the program! Call for a free no-obligation consultation.

Below is a list of some of the more common qualifying guidelines for the Short Sale and Buy plan utilizing the FHA 4155 loan program (terms and conditions are subject to change):

  • Down Payment as low as 3.5% of the new Purchase Price, and Gifts are OK.
  • No Income Limits.
  • Competitive FHA lending interest rates.
  • Purchase price of replacement home must be less then original Loan Balance(s) of house being Short Sold.

Bottom line….
So, if you are like millions of homeowners who are 'under-water' these are the only options:

  1. Do Nothing: Keep paying the current mortgage for the next 8 to 12 years until they break even.

  2. Loan Modification: Maybe lower payments, but with the same high mortgage loan balance. Statistics prove that only 25% of Loan Mod applications are granted.

  3. Foreclosure: Stop making payments; eviction from home; ruined credit and loan worthiness; and become a renter for the next 5 to 7 years.

  4. Short Sale and Buy Plan: Short Sale your existing home and thus eliminate all negative debt ' and at the same time buy a similar replacement home at today's low property values.


"No one will work harder or more professionally than I will to earn your smile and handshake for a job well done."

"Please call or email for a free, confidential and no-obligation consultation."

 
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