Yes, you heard that right. ?Sacramento short sale sellers who sold their homes just 2 years ago can buy a house again. ?Now, the stickler here is that they would have to put 20% down payment on anything they want to buy BUT if they wait 3 years after their short sale, then all they need to put down on a home for sale is 3.5%. ?Yep, these short sale sellers are home buyers again and not just home buyers but First Time Home Buyers.
A 1st time home buyer is someone who has not owned a home in the past 3 years?that makes YOU a first time home buyer, again!
For those Sacramento short sale sellers whose home sold in 2011, you probably received a 1099-C form this month. ?Hopefully, your 1099 statement indicates that the debt was cancelled. ?I recommended to all of my short sale sellers to have a CPA do your taxes. ?If you usually do your own taxes, the year of a short sale or foreclosure is not the time to save money but make sure your backside is covered.
Love seeing Sacramento short sale sellers now eligible to buy a home again! Call this short sale agent and let?s get the ball rolling and get you back into your own home again.
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