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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/while-the-current-more-restrictive-rules-on-30525447.aspx

Subject:  Re: Freddie Mac Bets AGAINST American Homeowners Date:  2/5/2013  10:56 AM
Author:  CCinOC Number:  124661 of 127777

While the current, more restrictive, rules on borrowing after a short sale were not in place when the short sale in this case occurred, it is still likely that this couple would have qualified to borrow shortly after the short sale even under the old rules, as they were [not] delinquent on the payments on their short sale home at the time of the sale. If they had been able to do so, they had at least 9 months in 2010 when they could have done so before the new rules went in place. And, in an attempt to show additional victimization, you can bet that the article would have trumpeted that the couple would have qualified under the old rules if it had been able to. Instead, it says "it is unclear" whether they would have qualified under the old rules.

Here are the Freddie Mac guidelines for seasoning of various derogatory events.

http://www.freddiemac.com/learn/pdfs/uw/caution_remind.pdf
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