Real estate blog entries tagged with credit repair by Linda Ferrari (Credit Resource Corp.)

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Home : Blogs : Linda Ferrari : Linda Ferrari's Blog : Tag "credit repair"

credit repair: The Mortgage Crisis and Your Credit Part Four: A Short Sale May No Longer Be a Better Option than a Foreclosure: Here’s Why! - 06/22/09 11:12 AM

For years, credit experts, including me, have told people that a foreclosure is the worst possible option for homeowners who are upside down in their mortgage and is something to avoid at all costs.
One of the alternatives to foreclosure that homeowners have is a short sale, which is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship that is usually related to the current real estate market climate and the individual borrower's financial situation. The homeowner sells the mortgaged property for less than the outstanding balance of the loan, and turns over … (2 comments)

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Linda Ferrari

Newport Beach, CA

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Credit Resource Corp.

Address: 1048 Irvine Avenue, #636, Newport Beach, CA, 92660

Office Phone: (866) 541-2500 x 201

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