Credit Score

Wednesday, November 16, 2011 - 12:06pm | Foreclosure, Short Sale, Credit Score
One of the greatest questions people have regarding losing a home to foreclosure or selling in a short sale is, "Will I ever be able to buy again?"  The good news is that yes you can! There are some things you should know as you consider going through the process… ForeclosureA homeowner who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years. FHA loans are backed by Fannie Mae and accounted for approximately 40% of all loans in 2010.  This number is expected to increase to 50% next year. READ MORE >
The Watsons are active in local communities and have lived in the Northwest Suburbs for over 40 years. Their knowledge and experience will get you the results you want! ~ Jayne Smith, Palatine, IL
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