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Can the Target Credit Card Breach Affect Home Sales?

By
Real Estate Agent with The Good Home Team with eXp Realty TREC# 0549135

Recently Tagert had close to 70 millon customers' credit cards data stolen.  If you were purchasing a home or wanting to purchase a home and your credit was compromised due to this incident, it could create an issue with getting approved for financing. 

Although victims won't held liable for the unauthorized charges, it could take weeks or longer to get their damaged credit scores corrected!  Even though victims credit scores will be corrected it can cost them the chance of getting the home that they wanted or if it rates go up, it can cost them more money on their loan every month. 

If you are in the market to purchase a home, please get with a lender to have your credit checked before going out.  This way you can be ready for any unknown issues! 

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