How does short sale affect credit
Today was a great day, why you may ask? I spent the day with a client who several years ago had to face the fact that they had to short sale their property. This was a difficult time for this client and probably the hardest thing he had to face in life.
The thought of short selling his home terrified him on many levels. It first hit his pride, as anyone would feel losing your home because of economic changes is very hard. The second was he was so worries about how short sale would affect his credit.
We spent hours speaking about the affects of the short sale on his credit. The fact also was it was not an easy short sale, it was in a market that was full of homes just like his. There were times during the process when he would say I give up just let it foreclose.
His thoughts have changed now. After all the stress of the short sale it took him a few months and finally checked his credit. He called me immediately over joyed to tell me that his credit was not as bad as he thought it would be. He contacted his lender and they together developed a plan to get him back into a house as quickly as lenders would allow.
Today was our first offical day of looking for a new home it has been approximately two years since the short sale and his credit is right where it was.
I think this shows for sure that there is life after short sales and it also shows that yes short sales do work
If you are facing Foreclosure and are interested in a short sale contact me at ingerhebert@gmail.com
or visit my website at www.ingerhebert.com
If you are not in my area I would be happy to help you find a great agent to work with.
Inger Hebert
1745 S Alma School Road
#115
Mesa, Arizona 85205
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