Category Archives: Foreclosure / Short Sales

How Does A Short Sale Affect Your Credit Score?

by Blue Water Credit……www.bluewatercredit.com……7-13-11 I am often asked what the impact of a short sale or foreclosure is on a credit score. Unfortunately, there is no straight-forward answer. This is such a difficult question to answer simply because it depends … Continue reading

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Recent Short-Sale Not Necessarily a Barrier to New Financing

FHA Guidelines What are the guidelines for borrowers with a short sale on a previous principal residence? Answer When a previously owned property was sold for less than what was owed (short sale), borrowers are considered eligible for a FHA insured mortgage if, … Continue reading

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Purchasers After a Foreclosure Should Ask for the Homeowner’s Title Policy

Reposting and unfortunately all too relevant post from Dwight Bickel, Corporate Counsel for Ranier Title. Did you know that some title companies do not offer the ALTA Homeowner’s Policy of Title Insurance after a foreclosure sale?  Purchasers who want the extra protection … Continue reading

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Don’t Be Afraid to Show Those Scratch and Dent Properties, We Have Reliable Ways To Fund Them

Do you shy away from showing your clients properties with deferred maintenance issues due to concerns over financing complications? These properties may be short sales, bank owned, or just generally run down due to the owner’s lack of ability or desire to make … Continue reading

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