All Entries in the "Credit Repair" Category
January 2011 Foreclosure stats and median price points
Here are some stats provided by CNN last week from 10 cities across the nation. Notice Dallas and Houston both made the list. Thank goodness for the drivers that continue to move our economy forward and keep our unemployment lower than any other state. Not only that, but we have some of the most affordable [...]
HOA dues and Short Sales….oil and water
Recently I had the opportunity to negoiate a short sale that had past due HOA payments. The payments were over a year behind and the association had put liens on the property. Two weeks before closing the homeowner received a foreclosure letter stating the HOA was foreclosing next month. I was never so frustrated that [...]
New FICO Credit Scoring coming soon!!
Three NEW FICO Credit Scores Hit the Market The Fair Isaac Company have announced that they will be releasing three new credit scores based on their new FICO 08 model. 1. The FICO Mortgage Score The FICO Mortgage Industry Score is designed to help mortgage lenders improve credit decisions for both current and future homeowners. [...]
Credit–Foreclosure or Short Sale; You decide
If you are lucky enough to sell your property through a short sale in this market, what next? First CONGRATS!!! By being proactive you have solved your foreclosure problem. Now the question, what is the bank going to do about the deficiency (difference of what is owed as to what it sold for). [...]
