Incline village real estate update, What you need to know if you sell in a short sale or REO.
Late last week Fannie Mae came out with an update regarding when borrowers are eligible for financing after they were involved in a Preforeclosure Sale, Short Sale, or Deed-in-Lieu of Foreclosure. • 2 years – 80% max LTV/CLTV or 20% down payment • 4 years – 90% max LTV/CLTV or 10% down payment • 7 […]
