Posted by Yvonne Long on August 17, 2009 at 11:16am
Know your options, Know your Realtor! The more we know the better decisions we can make!Issue- Credit ScoreOut come with Foreclosure- Your credit score may drop from 250 to more than 300 points. It will typically impact your score for more than 3 years!Out come if you Short Sale- After the sale, only late mortgage payments will show onn your credit report. The mortgage will be reported as paid or negotiated. Your score may drop as little as 50 points if you are current on all your other payments. A short sale can impact your credit for as little as 12 to 18 months.Do you know your lender pays all closing costs including loss mitigation negotiation and real estate commissions? Absolutely no costs are passed to the seller! Email me for details at yvonnel.long@gmail.com.Yvonne LongRealtorInnovative Realty Solutions Group, Inc.yvonnel.long@gmail.com
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