Weird things about the name Kevin: Your name in reverse order is Nivek. A random rearrangement of the letters in your name (anagram) will give Ievnk. How do you pronounce that? How many people have the last name Kevin? In 2010, the U.S. Census Bureau surveyed 352 people with the last name Kevin.
Usually, a foreclosure requires five to seven years before the borrower is eligible for another mortgage. The short sale will stay on your credit for up to seven years and can affect the ability to open credit cards and other loan accounts. If you decide a short sale will be right for you, and your lender agrees to it, then you will see an immediate drop in your score once the lender reports it the credit bureaus.
Baroco, There is no set time to after a short that a new lender will wait until approving a home loan for you. Two main factors affect your credit after a short sale. The first is based on how many mortgage payments you may have missed.The second is based on how your lender reports your short sale on your credit.t can be confusing and deflating to consumers who have to wait 3 -7 years after the unfortunate incident of a Foreclosure or 3-4 years after a Short sale and be able to Purchase and or Refinance again.