How to screw up your credit

By
Real Estate Broker/Owner with Eagle Ridge Realty / Signature Homes & Estates CalBRE# 01309169

In case your clients ask, one can really screw up their options and ability to get a good loan.  One of my agents called me yesterday, as a former client of hers from a year ago sold their house and thought that since they sold, and it was under a notice of default (though not a short sale) that they would retain their good credit.  They applied for a new loan at a bank yesterday, and the missed payments on their previous mortgage showed up, as expected, but they thought they were out of the woods.  Not so:

GETGO

So, one can see how missing a payment can really screw you up.
Here, it shows how a foreclosure can really mess up your credit

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Topic:
Mortgage / Finance
Tags:
credit scores
buying after a foreclosure

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Rainer
126,174
Kelly Wuthrich
Silvercreek Realty-Eagle, Meridian, Boise, Kuna, Star~IDAHO - Eagle, ID
Eagle & Meridian ID Real Estate

Very interesting.  I really like the chart visual.  Thanks for the post!

Apr 14, 2011 06:00 AM #1
Rainmaker
541,788
Signature Homes & Estates
Signature Homes & Estates - Gilroy, CA
"Our Performance Will Move You!"

Great post with some very valuable information.  Always like what you have to say.   

Dec 26, 2016 08:48 PM #2
Rainmaker
603,851
Nancy Frimann
Eagle Ridge Realty/Signature Homes & Estates - Gilroy, CA
California Real Estate Broker

Interesting stuff.  Keep on posting and good luck selling.

May 23, 2017 07:41 AM #3
Rainmaker
541,788
Signature Homes & Estates
Signature Homes & Estates - Gilroy, CA
"Our Performance Will Move You!"

Great post to attract some local attention.  Keep on posting and good luck this selling season.

May 25, 2017 08:48 AM #4
Rainmaker
603,851
Nancy Frimann
Eagle Ridge Realty/Signature Homes & Estates - Gilroy, CA
California Real Estate Broker

Checking out some of your past postings.  There is plenty of good, local information on them.

Sep 05, 2017 08:27 AM #5
Rainmaker
545,768
Eagle Ridge Real Estate Agents
Eagle Ridge Realty - Gilroy, CA
Representing Buyers and Sellers in Eagle Ridge

Stopped by to go through some of your posts.  I always am appreciative what you post.

Sep 06, 2017 06:26 AM #6
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Rainmaker
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Gary Frimann

REALTOR and Broker
All Real Estate is Local!
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