Sabado, Marso 3, 2012

Difference Between Short Sales and Foreclosures: How It Could Affect Your Home Buying Later

Difference Between Short Sales and Foreclosures: How It Could Affect Your Home Buying Later


Following to declaring for personal bankruptcy protection, practically nothing hurts your chances of getting qualified for a mortgage loan like a foreclosure. And if you got outside from under an overwhelming loan through a small sale, that is when the financial institution agrees to accept a lesser amount of what the property owner owes -- loan providers can gaze upon you just as unfavorably.
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