as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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will short sale prevent me from getting va home loan later?
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from myfico: a foreclosure remains on your credit report for 7 years, but its impact to your fico® score will lessen over time. while a foreclosure is considered a very negative event by your fico score, it's a common misconception that it will ruin your score for a very long time. in fact, if you keep all of your other credit obligations in good standing, your fico score can begin to rebound in as little as 2 years. the important thing to keep in mind is that a foreclosure is a single negative item, and if you keep this item isolated, it will be much less damaging to your fico score than if you had a foreclosure in addition to defaulting on other credit obligations. (personal note - i tip my hat to you, sir. regardless of party, we owe our vets a debt of gratitude. if i had my way, a va loan would ignore the past short sale. i wish you well. and thank you for serving)
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