This is part six of "What Is a Short Sale? How a short sale effects your credit score depends on what your score was at the time of the Short Sale. In a article by Jeanine Skowronski, "It appears that the higher the score the harder it falls and the longer it takes to recover". Every person's credit and credit score is different, but the graph's below will give you an idea on how it will impact your FICO scores as well as how long it will take to recover. As … (6 comments)
short sale process: Short Sale Process
- 05/16/11 01:07 AM
Short Sale Process This is part four of "What Is A Short Sale ?"When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.If you are considering selling a short sale, there could be drawbacks. For your protection, we suggest that all potential short sale sellers: * Obtain a free consultation with a Realty World Select short sale … (1 comments)
How Does A Short Sale Effect My Credit Score?
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