Kristin Stampini and The Kristin Stampini Team with Re/Max Services in Boca Raton, Florida, a real

estate team that specializes in Short Sales in Palm Beach and Broward County, is delighted to announce

the new FHA “Back to Work” program.  If you have had a foreclosure or a short sale due to financial 

difficulties that were out of your control, you may be able to buy a home again under the new FHA 

“Back to Work” guidelines.  Under these new guidelines, if you lost your home to a short sale or a 

foreclosure and your credit has adversely been affected, you may not have to wait as long as previously 

anticipated.  

The current wait period requirement by the FHA is three years from the date of the sale.  However, 

if you had a short sale and you were current on your mortgage installments for the last 12 months of 

your ownership, there is no wait period if you are using FHA.  If you foreclosed on your home or had a 

bankruptcy, you may have to wait as little as 12 months before being able to buy a home again.  Keep 

in mind that some lenders may choose not to abide by these new guidelines as they are only guidelines 

and not laws, but these guidelines will give the buyer greater opportunity to buy again.  Kristin Stampini 

at “The Kristin Stampini Team” in Boca Raton, Florida will help you find a lender that is right for you 

to take advantage of this program, Kristin is a Priority Partner with Chase Bank, Wells Fargo Preferred 

Realtor Network and Bank of America DTS Agent. Also for more details please see http://portal.hud.gov/

hudportal/HUD?src=/program_offices/administration/hudclips/letters/mortgagee.

The new “Back to Work” initiative, will give borrowers who have proven credit worthiness after their 

financial fall-through, strong recent repayment history and who are re-employed, the opportunity to 

access FHA financing.  

To qualify for this program the borrower must be able to: 

- Prove that their financial difficulties and delinquencies were out of their control and resulted 

  from an economic event such as loss of employment.

- Show that the household income was reduced by at least 20% for a maximum of six months.  

  The household income is income generated from all the members of the household even if 

  those members are not part of the new loan application.

- Show derogatory items on borrowers’ credit have taken place after the economic event that 

  caused the home to short sale or foreclose.

- Show credit worthiness reflected in their recent credit history, meaning that borrowers may 

  not have any late payments in the past 12 months. One 30 day late payment is allowed. No 

  collection items are allowed unless it is related to identity theft or medical reasons. 

- Show that they did not foreclose due to a “strategic default”

  It is important for the borrowers to be able to demonstrate good credit history prior to the adverse 

  economic event that caused them to lose their home.  In other words, borrowers’ derogatory credit is 

  only after the adverse economic event.  

Kristin Stampini and “The Kristin Stampini Team” is an award winning real estate team based in 

Boca Raton, Florida. The team is led by Kristin and Mark Stampini. They specialize in short sale 

and foreclosure transactions, and have helped hundreds of South Florida homeowners avoid 

foreclosure.  Kristin Stampini is a Certified Distressed Property Expert (CDPE) and holds a Short Sale 

& Foreclosure Resource Certification (SFR).  Kristin is a Priority Partner with Chase Bank, Wells Fargo 

Preferred Realtor Network and Bank of America DTS Agent. 

The office is located in Boca Raton which is on Florida’s Southeast coast.  Boca Raton is home to 

beautiful beaches, a wide selection of golf courses, and world class shopping and cultural events.

Sellers who want to do a Short Sale in South Florida can reach The Kristin Stampini Team at 6070 N. 

Federal Highway, Boca Raton, FL 33487.  www.thekristinstampiniteam.com/sellers (561) 221-2292. 

About The Kristin Stampini Team:

The Kristin Stampini Team specializes in Palm Beach County and Broward County real estate and has a 

team experienced in successful short sale and foreclosure transactions.  They take pride in helping guide 

sellers through the entire process.  Kristin Stampini is a Priority Partner with Chase Bank, Wells Fargo 

Preferred Realtor Network and Bank of America DTS Agent. 

Company Contact Information

The Kristin Stampini Team of Re/Max Services

6070 N. Federal Highway, Boca Raton, FL 33487     Phone:  (561) 221-2292