0
Traditionally, you will need to wait 1 to 3 years for the date of the short sale to finance a new property. I am sorry about your fustrations with Suntrust, but you have to remember they are not required to modify your loan and a lot of the time are not even the final party to decided if the modification but it is up to investors. And it doesn’t seem that they stold your money if you had a mortgage on the property with them and owed them payments.
Your only options for finance would be to waitn or to look for a hard money lender or subprime lender which are both costly and unfavorable terms for the buyers.
Suntrust screwed us. After asking for help and doing a mortgage payment reduction. We were required to pmake the payment for 3 months. We did every money and then Suntrust would not send us any paperwork. THey took our money. Forced us into a foreclosure, we were able to get a short sale done on the home but it cost them over $60,000 and put us out of our home. After a year now we are looking to build is any one loaning to people that got screwed by there bank or mortgage lender
1