How Low Will My Credit Drop After a Short Sale or Foreclosure?
With credit scores, one can easily predict the possibility of you making payments on time, paying off loans, and helping a lender determine whether you are a risk. Credit scores are determined by an individual’s lending history and ability to repay and manage debts based on the agreement. Factors like letting your mortgage payment slide, […]
What Happens if the Bank Forecloses on My Short Sale?
It happens quite often…more than you realize…that a home in process of a short sale is foreclosed on. It is a common misconception that the lender won’t file a foreclosure lawsuit against you if you are currently in the process of negotiating a short sale or loan modification. Example: Debbie lists her home for a […]
What If I’m a Year Behind in My Mortgage Payments?
What If I’m a Year Behind in My Mortgage Payments? You may be behind only two months in your mortgage payments or up to two years behind! Wherever you may find yourself on that scale, the question is, what do you do and what’s going to happen? First and foremost, let’s be clear that it […]
