Sentences with phrase «future than a foreclosure»
A short sale will appear on a credit report as a settlement, and will be looked upon more favorably in the future than a foreclosure which will remain on your report for seven years and could potentially destroy your credit.
https://www.vahomeloancenters.org/ Not exact matches
Rewriting FHA requirements for future mortgage loans insured by FHA could be an option, but FHA is currently between a rock and a hard place with its current commitment to reimburse lenders for foreclosure losses and the need for addressing problems caused by homes worth less than the mortgage loans financing them.
Completing a short sale remains a much better alternative than letting a property go to foreclosure for a number of reasons centered around credit and your ability to buy another property in the future.
If there's no alternative to a short sale, Bueno explains to clients that this option is far better for their future financial well - being than a foreclosure.
Completing a short sale remains a much better alternative than letting a property go to foreclosure for a number of reasons centered around credit and your ability to buy another property in the future.