After 2 years of being out of our short sale we thought it was time for us to become home owners again. Before we did anything we sat down with a loan officer and he went over the figures and said everything look good. Now he was aware of our previous situation that led to our short sale. We were in the middle of a relocation thanks to my old job closing up shop and shipping my position down to Atlanta. Granted I could of packed up the family and moved down there but we still would of face the difficult task of selling a home in the middle of a housing market meltdown.
So after being reassured by our loan officer everything was alright, multiple times. We went ahead and started looking for homes since our lease was coming due soon on our current home. In less than a week we found a home and before I put in a bid, I once again asked the loan officer if we were looking good. He said yes. Well Ladies and Gentlemen less than 24 hours after that discussion our dreams have been put on the back burner, seems the underwriters and the fha have decided that we are not worthy yet to own another home at least until we have been 3 years out of our previous short sale. A short sale mind you that would not have happened if 1) we didnt relocate for a job, 2) housing market took a dump and 3) a massive recession. It took us a year and a half to sell our previous home, a home that honestly we didnt want to get rid of but had to because of my employment situation.
That is the reason myself and our real estate agent repeatedly asked our loan officer if we were ok and we were reassured that we were only to have our dreams crushed. Yes a year isnt that long of a wait but the home we had found was perfect for our family it was only a few miles from where we live and it had enough room for all the kids.
Now I sit here typing this up, in all honesty I dont know why, maybe just to get this off my chest. Perhaps all this was for the better but from where I’m sitting right now its more of the same crap we have had to deal with in the last 3 years.
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