Did you lose your home through foreclosure, short sale or bankruptcy?
There may be a pot of gold at the end of the rainbow. The U.S. Department of Housing and Urban Development (HUD) recently announced the Back to Work – Extenuating Circumstances program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy.
SOMETHING GOOD! Sometimes things just happen that are out of our control. Knowing that many homeowners were adversely affected during the economic situation, this program allows them an opportunity to get back to home ownership.
The old requirements were that a buyer would have to wait a minimum of 36 months before being able to finance a home purchase. However, with this new program, the “wait” time has been dramatically reduced to 12 months to those who qualify and meet HUD’s minimum eligibility requirements.
What should you do to find out if you qualify?
Contact me and I will send you the requirements.
This is still a GREAT time to buy. Interest rates are still low. Take advantage of the market slow down and the great interest rates.
Click here to search for your next home in Santa Cruz, Aptos, Soquel, Capitola, Watsonville and surrounding areas..