Weird things about the name Kevin: Your name in reverse order is Nivek. A random rearrangement of the letters in your name (anagram) will give Ievnk. How do you pronounce that? How many people have the last name Kevin? In 2010, the U.S. Census Bureau surveyed 352 people with the last name Kevin.
Usually, a foreclosure requires five to seven years before the borrower is eligible for another mortgage. The short sale will stay on your credit for up to seven years and can affect the ability to open credit cards and other loan accounts. If you decide a short sale will be right for you, and your lender agrees to it, then you will see an immediate drop in your score once the lender reports it the credit bureaus.
BEST ANSWER. Alma Kee, Agent, Tampa, FL. Forgot to answer your question... on a Short Sale you normally MUST close within 30 or 45 days of the approval so it's possible you may have to close within 45 days or it could take 6 months or a year or it may never close.f you have time contraints, you must be in a home by a certain date...don't do a Short Sale! Once you and the Seller agree on terms and have a ratified contract it will take the first lender 45+ days to respond.