Why would someone who was forced to short sale their home want to buy another? That's actually a pretty simple question but the #1 answer is home prices and interest rates in Phoenix are low and inventory is moving.
If you had a short sale near or over 3 years ago there is good news for you.
According to mortgage lenders in Phoenix, Sellers that conducted a short sale of a primary residence may not be aware that they can can acquire a mortgage again because they conducted their short sale more than 3 years ago.
If you are one of these people that conducted a short sale unaware of this underwriting rule and are sick of seeing homes in this market pass you by then you may need to contact a mortgage lender and see what you can do to buy back in.
Of course you need to have kept your credit in good shape, but even then, credit service agencies can get that score back up for you in relatively short period of time.
So, if you want to own a home here in Phoenix or the surrounding valley areas and fit this model I invite you to contact me so I can help you.
Why rent anymore when you can buy?
Stew Keene - Phoenix Real Estate Professional