I think this means banks have been more aggressive in foreclosure sales there. the F.H.F.A. numbers are stunningly bad. Here are the 20 (of the 292 that the agency follows) metropolitan areas that.
I am interested in purchasing Pre-foreclosures in South West Florida, but I have been told that the laws in Florida do not allow for you to directly cI am interested in purchasing Pre-foreclosures in South West Florida, but I have been told that the laws in Florida do not allow for you to directly c
A) Yes, the short sale will be reflected on your credit report and will result in a reduction of your credit rating. However a short sale has less impact than a foreclosure would and as long as you continue to fulfill your other credit obligations in a timely manner, recovery from the short sale could be as little as 1 to 2 years as opposed to.
A foreclosure dramatically affects your credit score. fair isaac, the company that created fico (credit) scores, drops credit scores from 85 points to 160 points after a foreclosure or short sale. The amount of the drop depends on other factors, such as previous credit score.
Foreclosure for sale signs are going up in the tens of thousands as we begin paying the price for the excessive living that the Federal Reserve has provided us. No one knows exactly where this will end.
Reverse Mortgage "Deed in Lieu of Foreclosure" question (venting, appraisal). Does anyone have any thoughts or information on whether the Deed in Lieu of Foreclosure is a good or bad process to go through?. How does one make the ‘move’ if one is not actually selling the home on short sale.
If you owe your lender money after a foreclosure-called a deficiency-the lender can. When a lender forecloses, the total debt owed by the borrower to the lender frequently. Foreclosures in Florida are judicial, which means the lender has to go. There is no Florida law that says a lender can't get a deficiency judgment.
Another day, another lousy piece of economic data. The 27.2 percent fall in existing home sales in July was far below analysts’ official expectations (though in line with some of the whisper numbers.