Before prefect of credit and short sale question?
My boyfriend is perfect for first-class credit. Two years ago, he bought a condo (and foreclosure) to 284,000. If it is sold with a horrible Shortsale your credit score? Is that the real bad effect despite already has a top credit rating online or should forget that good credit history again? We live in Southern California on the beach when believe Prices will start moving again so we can avoid Shortsale? Thank you! I wish I had a crystal ball: (What credit score needed to buy a house today? Yes, I would like to thank Elsa
The rule of the new form of bank money lending to any and that is a very bad idea. What you must understand this? How did you equity in the condo, and usually a Short selling is when a broker or a private buyer to buy from you and leave the store crying? So say that the floor is down 300K and 284K Worth in closing a short sale is a purchase not and should not affect your credit everyone? Unless some other company is on the table? sales short bank steal them? It's a bit funny? If the apartment is running a mortgage of 284K and you're looking at a short sale for much less? Yes, you can have a credit problem? But if the bank is the list price for 284K you are free from credit problems. The economy standards today are the worst for sellers and large buyers, the Dow Jones dropped both banks fear to lend money to people who have some and no credit. If I had a buyer in a sale uncovered and I would lose her best 15K/30K lose a little every 284K.
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FORECLOSURE $24.5 If you are in danger of losing your home, it””s important to remember that you are not alone. In these uncertain economic times, financial problems have affected virtually everyone… |
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