short sale/ getting approved to buy - Zillow Real Estate Advice

Whether or not you may be approved to buy depend on a number of factors, such as whether you had any late payments, the amount of down payment you have available, your credit score, debt to income ratio, income and other factors.

As you qualified for a short sale just three months ago, chances are good you told your previous lender that you'd suffered a financial hardship so couldn't afford to pay them the amount you'd agreed to pay.?? Hence, lenders aren't so happy to leap into lending again immediately.?? You will need to stage yourself very carefully to move forward with future home ownership.

Source: http://www.zillow.com/advice-thread/short-sale-getting-approved-to-buy/470608/

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