How does a short sale affect my credit rating when compared to a foreclosure?”
FACT: The effects of Short Sale on your Credit Score is definitely a lot less than a foreclosure.
When you miss a payment on your mortgage, obviously this has a definite negative effect on your credit score. . .
In a short sale . . this is exactly what affects your credit directly!
I presume that you maybe behind on your payments already,
the more days you fall behind on your mortgage, the harder the effect on your credit score.
Watch our video “ How Can a Short Sale Affect Your Credit?”
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“Thank you Fernando and Susan (Team Member)for EVERYTHING! We are so relieved to be out of this mess and to be able to start over again.
It really has taken a load off of our minds and knocked down the stress level A LOT! You were both completely on top of your game (and the mountain of paperwork) which made this entire process go so smoothly. I really cannot believe that it's OVER and everything did work out to our advantage. We knew we were taking a gamble with the short-sale, but we really owe our success to you and your team.”
THANK YOU! THANK YOU! THANK YOU!
Amanda & Eric B
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"Herboso & Associates did an excellent job of listing my condo and handling the short-sales process for me. Fernando is extremely knowledgeable and took the time to answer all my questions and concerns. He was efficient and took care of all the negotiating with the lender and the buyer.
California Client, A. Nguyen"
Read my latest book www.AdiosLender.com here
The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. Herboso & Associates makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property in a short sale.
Homeowners are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. Herboso & Associates are not Advisors and they are not a legal law firm. We strongly encourages all parties, agents, homeowners brokers and mortgage lenders involved in a transaction to seek such advice from a professional advisor.
Fernando is an Associate Broker and founder of Herboso & Associates for MD, VA and DC
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