Short Sale And Buying A New Home?

She's not likely to qualify to get a mortgage for at least a few years. The next bank will worry the she'll simply walk out on the new mortgage. The reason this was so easy a few years ago is because there was far too much profit in writing any mortgage, even terrible mortgages, that nobody bothered to enforce underwriting standards. Now that banks have to retain at least a 3% stake in any mortgage written, they cannot afford to write mortgages on toilet paper anymore.