Buying A Home After A Short Sale Guide

Buying a home after a short sale is entirely possible, though it requires navigating specific waiting periods and strict lender requirements. While a short sale damages your credit score—typically by —it is generally considered less severe than a foreclosure, which can drop scores by over 200 points and carries longer waiting periods. Mandatory Waiting Periods by Loan Type

The "clock" for these waiting periods typically begins on the —the day the deed is legally transferred to the new owner. Buying a home after a short sale: what you need to know buying a home after a short sale