For decades purchasing a home has been the American dream, a milestone in one’s life. And for some time, during the recession, it was thought that the American Dream was now a thing of the past. However, despite such harsh realities and devastating losses such as the loss of a home by foreclosures and short sales, which millions faced, the American dream is still embedded in the fabric of our lives and buying a home is as feasible today as it has ever been. …show more content…
It takes four years to recover from a short sale and seven years to recover from a foreclosure to pursue a conventional loan. While enduring this four to seven year waiting period they’ve also had the opportunity to clean up any judgments or any other debts that were damaging to their credit making them eligible mortgage