Blog Archives

What is a Short Sale?

I’m going to make this a two part blog.  First, I’ll explain what a short sale is and how the process works.  Then, next week, I’ll tell you about possible ramifications and other parties involved.  A short sale is a sale in which the proceeds from selling the property is less than the balance of debts secured by liens (mortgages) against the property and the property owner cannot afford to repay the liens’ full amounts. The lien holders then agree to release their lien on the real estate and accept less than the amount owed on the debt.  Read the rest of this entry

Credit Improvement vs. Credit Repair – PART I

Credit improvement verses credit repair for the most part, in a month or two, can make a huge difference in your credit score, but remember it is not always as easy as it looks and its best to get the opinion of someone knowledgeable in the business of credit or credit improvement. Read the rest of this entry