“We had a whole bunch of buyers who were better qualified, but this kind of tugged at your heartstrings, so we did everything we could to get them in there,” Conde says.
Standing in his backyard, Jose Guadalupe complained about crab grass and the cost of new sod. Then he paused, stood back and pointed to the palm trees rising above his roof line.
“I planted them when they were this high,” he says, pointing to his chest.
Waiting period for buyers with foreclosure, short sale:
—Freddie Mac: Short sale, four years; foreclosure, seven years.
—Fannie Mae: Short sale, two years with a 20 percent down payment; foreclosure, seven years.
—Federal Housing Administration: Short sale or foreclosure, one to three years.
—Department of Veterans Affairs: Short sale or foreclosure, three years.
SOURCE: John Burns Real Estate Consulting
©2014 The Orlando Sentinel (Orlando, Fla.)
Distributed by MCT Information Services
