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fico score: One more question regarding Short Sale - 08/31/07 07:50 PM
One more Short Sale question: Do you have experience in re-negotiating a short sale amount for a short term loan?
I know that if the difference between a mortgage amount and the sale price is too large, some lenders will not cover the full amount but will provide a borrower with an additional short term loan. Have you heard about a case when borrower was able to negotiate a short term loan only without the short sale payment by lender?
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fico score: Credit consequences of the Short Sale - 08/31/07 05:30 PM
CAR Short Listing Addendum form (CAR Form SSL, 8/07) clearly states:
"A Short Sale may have negative impact on Seller's credit rating even if foreclosure process has not officially begun or once begun, is not completed".
What is your experience with the Short Sale? Was your clients FICO score impacted? Always? Some times? Do you know how this might change once the new algorithm is in place in September? Please share your experience and thoughts.
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fico score: Is it OK for real estate agents to coach clients on how to improve FICO score? - 07/08/07 04:42 AM
William Johnson published recently an excellent post: Out with the Old FICO Scoring System and In with the New. It triggered an excellent discussion on the FICO score itself, but also touched on many other issues, such as the role (and potential liability) of real estate agents evaluating credit report and providing clients with advice. I thought that this subject needs a further discussion.
But let me get back to the topic of this post. Is it OK for real estate agents to coach clients on how to improve FICO score? Let me start my reply with a question. Is … (47 comments)
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Artur Urbanski
Burlingame,
CA
More about me…
Cimpler Real Estate, Inc.
Address: 533 Airport Blvd., 4th Fl., Burlingame, CA, 94010
Office Phone: (650) 401-2245
Cell Phone: (415) 672-5051
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