I just moved to Greenville SC I have owned two homes 1st home we sold no issue there secon...

Question: You have no money and bad credit and moved to a new location. How long have you been at your current job? how do you plan to make your new mortgage payments?

You will need to wait a minimum of 2 possibly 3 years from the short sale date.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation. Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com We are also proud Homes for Heroes affiliates!

Hi Mimi...I understand that your perception is that you do not think of yourself as a "Renter"..but the reality is: with no money, bad credit and a short sale in your recent past, you are not going to get the answers that you are looking for unless you change your approach. You erroneously think that you are looking for "a new home" when actually you are looking for a "financing source" that will trust you while you re-establish your credit and build up a cash reserve. There are a lot of homes in the Greenville area that are owned FREE & CLEAR - look for a home where you can get owner financing. That is your fastest-quickest way to become a home owner -stay out of the real estate books and new subdivisions because you will not qualify for MIP insurance. Getting a "second chance" after a short sale/foreclosure is tough...but it can be done. For more tips visit our blog www.bestcharlestonhomeloan.com & good luck on your journey!

Bobby has given you good advice.

Bobby's advice is right on. Since there is a 2-3 wait period after a short sale, owner financing (including lease-to-own) is the only option. It's unlikely that you will find something with less than 10% down but that all depends on the seller. You could always offer them a 5% higher sales price in exchange for 5% down. Owner financing will not only give you time to rebuild credit, but to establish a good employment and income history in your new city. Find a Realtor that is familiar with the areas you want to purchase and tell them what you are looking for. Best of luck to you!

Bobbys answer is 100% on the money

Lease with option to purchase may be the answer.

There are a lot of factors that go into this, depending on your credit score, when the short sale actually happened, and if you have at least 3.5% for a down payment. We would also require proof of employment with at least 30 days of paycheck stubs from the same line of work from your previous employment. Feel free to email me for further information: jackie.mcmichen@firstcitizensonline.com

owner financing or lease option is your best bet.

Strategic short sales require 3 year waiting period for 3.5% down with FHA.. if you have 20% for a down payment, you only need to wait 2 years.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com