A Short Sale Can Hurt Your Credit

January 28 2010 by Legal Help in Credit score |No Comments

Short sales can hurt your credit. I have heard real estate agents say that it doesn’t, but that is not true. This article explains what happens.
How Much Damage Can a Short Sale Make on the Credit Score?
By Rose B
The Obama Mortgage Modification Program is not helping a lot of homeowners keep up with their mortgages. [...]

How Does Foreclosure Affect Credit?

January 11 2010 by Legal Help in Credit score |No Comments

With foreclosure running rampant in the economy today, I thought I would share and article about how foreclosure affects your credit.
Foreclosure Credit Damage – How Does Foreclosure Affect Credit?
By Bobby Tucker
When a homeowner hasn’t made their monthly mortgage payments for 3 months or more, their lender will usually starts the foreclosure process. There can be [...]