Archive for the 'Budget & Managing Credit' Category
Short Sale vs Foreclosure: Impact on Credit Scores
This is an updated version of a post that I sent out earlier in the year:
I have gotten the impression from many real estate agents that they are unaware of the effect of a Short Sale on their clients’ credit report. The common belief is that a Short Sale isn’t as poor as Foreclosure or Deed In L…
History and the “Mortgage Crisis”
Wow! What a week, that past one, the third week of September 2008!
So much has gone on, and frankly, it is very difficult for me to understand a lot of it.
One exposition that I have read used the phrase, “the credit market has seized up and has made it impossible for anyone to get mortgage lo…
Fannie Mae & Freddie Mac Taken by By the Feds
The Federal Government took by control of FNMA and Freddie Mac that morning.(09/07/2008) As I was reading about it last night and again that afternoon, my thoughts go to how that will affect home buyers and sellers, as well as the economy in general.
The poor news is that it will have a huge and pr…
Danger Zone: Paying Off Collection Accounts
Paying Off Collection Accounts
If you have a collection listed on your credit report and you are getting ready to refinance or buy a home, soon after you definitely need that advice:
It is very crucial to know that the possibility of any collections on the credit" is discussed before running…
