We are excited to have received a recent client testimonial from a client who recently avoided foreclosure when we helped him with a short sale:
Hope all is well and that you’re enjoying the holidays!
Just wanted to pass along some info that may be interesting to you, and helpful to other clients of yours who might be considering a short sale, etc.
We recently took a look at our credit after the short sale, etc. We were amazed that both of our scores were in the mid 700s (it’s been about 6 months since the sale I believe). I know that everybody’s situation is different, but there is life after a short sale – strictly in terms of your credit, you can come out of it okay and that was something I was concerned with from the outset.
Now, while every case is different, typically a short sale is much less damaging to one’s credit as opposed to letting their home go to foreclosure. Also, the above clients have put themselves in a good position to purchase another home when they are ready. Know that typically, a foreclosure on your credit record will result in you not qualifying for a conventional loan for AT LEAST seven years, while a short sale, on average, results in a potential home buyer qualifying for a loan within 24 months.
Are you in over your head? Do you know someone who is struggling to make their mortgage payments, especially if they are upside down on their mortgage? Now is the time to act. We are here to answer your questions professionally, and without obligation. Find out more about our foreclosure prevention programs by going to http://bringingyouhomescv.com, or by calling us direct at 661-290-3802.
Posted on 01/05/2012 at 10:15 AM