How long do I have to wait before I can obtain a mortgage if I sell my property in a short sale? You have to wait at least a minimum of two years before you are able to apply for a mortgage if you have been foreclosed by a federally insured lending institution. Some lenders may require a longer waiting period than two years but that’s the minimum and you need to of course have your credit recover since that period of time. There is certainly no harm in applying to refinance or obtain a mortgage on your home after a short sale.
So if you have any questions about that, well give me a call at 847-2288.