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underwriting changes: Short Sale Same as Foreclosure! - 08/28/08 07:41 AM
Short Sales today seem to be all the buzz! While the pros and cons of a short sale can be bantered back and forth, there is one negative that isn't fully understood: many think that a short sale is saving their credit.
 IT'S NOT!
When you a buyer does a short sale to assist them in the sell of their home, it will show up on their credit, even if the investor agrees to accept the balance as paid in full. When the seller of that home attempts to purchase their next home and completes the loan application form, there is … (5 comments)

 
Ruthiev Rainmaker_large

Ruth Vogt 720-489-0712 (LMB#100023827) FHA VA Conventional Home Loans Colorado

Centennial, CO

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Ruth@WRStarkey.com: Pre-apprvls, 1st Time, Move Up Buyers

Address: Englewood, Littleton, Denver, Parker, Castle Rock, Monument, Castle Rock, Offering FHA, VA, conventional, bond financing programs, Contact , ME, 720-489-0712

Office Phone: (877) 489-0709

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