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loan modification: The Mortgage Crisis and Your Credit Part Five: Loan Modification - 06/29/09 10:42 AM
Foreclosure, Deed in Lieu of Foreclosure, Short Sale, Loan Modification and Bankruptcy can all have long-lasting impact on an individual's ability to obtain credit. Homeowners need to get the facts before making critical decisions that will impact their lives for many years to come. In this series of seven blogs, I'll be examining each of these options in detail so you can get a better understanding of the myths and realities surrounding them and how they affect your credit. One of the recurring themes in my book, The Big Score, and something I always emphasize to my clients is that being
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loan modification: Hardship? Deal With It!- This One Takes The Cake - 05/23/09 03:46 PM
"Is it better to file for bankruptcy or to be foreclosed?" "What is a short sale and how can it affect my credit?" "What about a Deed In Lieu of Foreclosure? Or a Loan Modification? "What should I do?" Every day, these questions are asked of me by frightened homeowners who are quickly trying to respond to the financial chaos that continues to arise from the sub prime mortgage fiasco which has touched millions of American homeowners. Like no other financial crisis this country has seen since the Great Depression, the home lending fiasco has turned the American Dream into the American
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