I attended a class at my real estate brokerage last week dealing with short sales and other types of “distressed” properties. With the market (at least in the Phoenix area) now comprised of over half short sales and/or bank-owned properties, it is imperative for real estate professionals to be well trained and knowledgeable in order [...]
Entries Tagged as 'Short Sale'
How Do Short Sales, Loan Modifications and Foreclosures Impact Your Credit Score?
September 10th, 2009 · 3 Comments · Credit Bureaus and Scores, Mortgages, Real Estate
Tags: credit·Credit Score·deed-in-lieu of foreclosure·FICO score·foreclosure·housing market·loan modifications·Real Estate·Short Sale
I’m Not Paying my Mortgage – How Long Until I’m Evicted?
August 25th, 2009 · No Comments · Mortgages
With the unprecedented number of foreclosures happening at the moment, mortgage companies are having a hard time keeping up with all the people who aren’t paying. It is now a common scenario that people are staying in their homes well past one year. Let’s see how.
Tags: Auction·bank approval·behind on payments·buyer's offer·eviction·eviction proceedings·Foreclosures·Mortgage·repossession·Short Sale
How many points will my credit score go down with a foreclosure?
May 12th, 2008 · No Comments · Credit Reports
Since foreclosure rates are going through the roof, I am getting this question a lot lately. If you are faced with this situation, you’ll probably want to know how big a hit your credit is going to take.
My typical answer to all things score related is “if I knew the answer, I’d [...]
Tags: credit report·Credit Score·Effects On Credit Score·Foreclosures·Short Sale
