Sentences with phrase «damage foreclosures and short sales»

That also doesn't factor in the damage foreclosures and short sales can do to a person's credit score, and the work former home owners» will need to do to repair it so they'll have a better chance at qualifying for financing again in the future.

Not exact matches

For sellers, a short sale can avert foreclosure and the damage that can do to one's credit - worthiness.

Short sales and foreclosures allow borrowers to walk away from their mortgage payments, while severely damaging their credit scores.

Credit agencies don't usually go into detail about their methodology, and the common thinking among most mortgage industry folks has been that a short sale or deed - in - lieu isn't nearly as damaging as full - blown foreclosure.

Not willing to walk away from their financial obligation and looking to avoid foreclosure and significant credit report damage, they often consider conducting a short sale.

The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighbourhoods and communities.

Short sales can prevent additional damage to your credit and help you avoid foreclosure.

And typically, a short sale does far less damage to the homeowner's credit than a foreclosure does.

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 % of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

There are lots of situations where we can help, including... avoiding foreclosure, divorce, relocating, inherited an unwanted property, needing a short sale, owning a vacant house that costs money to keep every month, upside down in your mortgage, behind on payments, owe tax liens, downsized and can't sell your house, house needs repairs you can't pay for, fire damaged, bad rental tenants, and more.