Sentences with phrase «history than a foreclosure»
Not exact matches
In 2008 and 2009, we saw more home foreclosures than ever before in our nation's history.
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Homes are more affordable right now than at almost any time in our country's history except for the foreclosure years (2009 - 2015) when homes sold at major discounts.
A foreclosure will just make your credit history look worse than its current state.
It's also important to consider the past ownership of your property: a history of foreclosures, liens and other problems can make homeowner's title insurance much more important than usual.
Other than bankruptcy, nothing damages your credit history, credit score, and credit report more than a foreclosure, so you will want to avoid it at all costs.
If you thought foreclosure was worse than short selling in terms of credit history and score, think again!
Homes are more affordable right now than at almost any time in our country's history except for the foreclosure years (2009 - 2015) when homes sold at major discounts.
In terms of the effect on your credit history, a deed in lieu of foreclosure - where you voluntarily «give back» your property to the lender - or a short sale - when the lender agrees to write off a portion of the loan that is higher than the value of the home - is not as adverse as a forced foreclosure.
However, these may be more beneficial in the long run for the borrower than an official foreclosure action because it has less of a long - term impact on their credit history (the bank may also waive any deficiency against the borrower).
In terms of the effect on your credit history, a deed in lieu of foreclosure — where you voluntarily «give back» your property to the lender — or a short sale — when the lender agrees to write off a portion of the loan that is higher than the value of the home — is not as adverse as a forced foreclosure.