when are the anticipated adjustments estimated to take effect i.e. waiting periods being eliminated for short sales, and bankruptcy

for private money loans there aren't any waiting periods, for conventional bank loans I believe its 3 years.

Short sale guidelines say you need to wait 3 years for FHA, and 4 years for conventional. Bankruptcy is 2 years with FHA and 4 years conventional. Obviously, there are acceptations to every rule. FHA has programs where you can purchase immediately, or 1 year after, but the guidelines are strict, and few that apply actually get approved.. if you want to know for sure, then the best advise I can give you would be to contact a LOCAL mortgage broker and apply with them. By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com