Posts from — March 2009

Short Sales & foreclosures can certainly affect your credit score. From our experience and in talking with many people it has become obvious that not only do foreclosures hit your credit much harder than a short sale but short sales also have the ability to be negotiated so that they don’t really hit your credit at all!

Now, this doesn’t always work and every deal is different but be aware that your credit CAN be improved following any negativity such as a foreclosure or any late payments. We have some credit tips available on our website but we highly encourage you to contact a credit repair professional to get that score back up!

A short sale is the sale of property where the outstanding loan balance is more than the property is worth and the bank agrees to accept less than what is owed in order to close the deal and avoid foreclosing on the home.

That’s it in a nutshell!