How Will A Short Sale affect Your Credit?
I've gotten this question more time than I can remember. "How will a short sale will affect my credit?"
A short sale can have a lot less of an effect on your credit score than a foreclosure. But, it must be done correctly.
Who Decides The Value Of A Short Sale?
The valuation of a short sale, as determined by the short sale lender, is probably the single most important factor of the transaction.
The way it works is; after [...]
Typically, homeowners that are no longer able to continue paying their mortgage are going through some kind of hardship such as
job loss, decrease in pay or hours, health issues, divorce, death, mortgage payment adjustment, and even incarceration. Often times, however, there are reasons that people[...]