FICO SCORES ... How They're Arrived At ... How They're Affected by Short-Sales, Foreclosures, & Bankruptcies - 05/07/10 09:45 AM
A very concise detailed explanation of the affect of financial situations on your FICO score. Late payments? Too Many credit cards? Maxing out your credit cards? Foreclosure or short sale? Bankruptcy?
Thanks to Gene Mundt, professional mortgage banker for the explanation.

Via Gene Mundt (Chicago Bancorp):
    
     It is pretty much understood, that if in foreclosure or going through a short-sale, credit scores are going to take a hit.  What has not been clearly understood ... is just how much of a hit is felt?  Until recently, there had not been much of a barometer or "method" known for calculating or determining how these delinquencies would affect a … (0 comments)

 

Kathy Fuhriman

Tremonton, UT

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Bear River Valley Realty

Office Phone: (435) 257-2787 x 101

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