Comments on: How Does a Short Sale Affect My Credit Rating? http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/?utm_source=rss&utm_medium=rss&utm_campaign=how-does-a-short-sale-affect-my-credit-rating Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Michigan Tue, 15 May 2012 18:53:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: carpet cleaners dublin http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-70262 carpet cleaners dublin Fri, 30 Dec 2011 18:53:29 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-70262 Thank you. It was indeed well worth the read. Thank you. It was indeed well worth the read.

]]> By: Getting a New mortgage after a Short Sale, COLONIAL MORTGAGE - colonial-mortgage-corp.com http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-70062 Getting a New mortgage after a Short Sale, COLONIAL MORTGAGE - colonial-mortgage-corp.com Mon, 30 May 2011 12:49:48 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-70062 [...] is a lot of misinformation going around about what the impact of a Short Sale is on your credit and whether you can get a new mortgage after short selling a home. Below are the [...] [...] is a lot of misinformation going around about what the impact of a Short Sale is on your credit and whether you can get a new mortgage after short selling a home. Below are the [...]

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]]> By: Mr John http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69913 Mr John Tue, 03 Aug 2010 18:16:33 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69913 Apply for fast and reliable loan today Apply for fast and reliable loan today

]]> By: marlene http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69885 marlene Thu, 15 Jul 2010 07:57:00 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69885 Oh and ya, please tell everyone you know to watch this documentary too. I was also a naive American too until I watched this video. Oh and ya, please tell everyone you know to watch this documentary too. I was also a naive American too until I watched this video.

]]> By: marlene http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69884 marlene Thu, 15 Jul 2010 07:53:09 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69884 Steve, if you're still blogging this post or anyone else for that matter: the banks are the government. I would suggest watching Capitalism: A Love Story 2009R127 minutes Filmmaker Michael Moore (Sicko, Fahrenheit 9/11) takes on capitalism's roots, the floundering U.S. economy, and 2008's global financial meltdown and subsequent bank bailout in this rousing documentary. Combining stories about those who suffer most from Corporate America's greed and insatiable thirst for profits and the people most responsible for myriad crises, Moore embarks on another shocking fact-finding rampage. Steve, if you’re still blogging this post or anyone else for that matter: the banks are the government. I would suggest watching Capitalism: A Love Story
2009R127 minutes

Filmmaker Michael Moore (Sicko, Fahrenheit 9/11) takes on capitalism’s roots, the floundering U.S. economy, and 2008′s global financial meltdown and subsequent bank bailout in this rousing documentary. Combining stories about those who suffer most from Corporate America’s greed and insatiable thirst for profits and the people most responsible for myriad crises, Moore embarks on another shocking fact-finding rampage.

]]> By: The Truth About Getting a New Mortgage after a Short Sale — miOaklandCounty.com http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69621 The Truth About Getting a New Mortgage after a Short Sale — miOaklandCounty.com Thu, 07 Jan 2010 17:17:57 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69621 [...] is a lot of misinformation going around about what the impact of a Short Sale is on your credit and whether you can get a new mortgage after short selling a home. Below are the [...] [...] is a lot of misinformation going around about what the impact of a Short Sale is on your credit and whether you can get a new mortgage after short selling a home. Below are the [...]

]]> By: Anthony http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69598 Anthony Tue, 08 Dec 2009 17:06:31 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69598 Article states: "So, keep those payments on schedule! The short sale, if handled correctly, should not result in a major black mark on your credit." My experience: If you have the money to keep those payments on schedule, the lender won't allow you to do a short sale. Question: Why the term black mark? Why not white, yellow, red, green, mark? This article is an oxymoron and the writer/editor is (using their preferred terminology) a "black mark" on the web. Article states: “So, keep those payments on schedule! The short sale, if handled correctly, should not result in a major black mark on your credit.”

My experience: If you have the money to keep those payments on schedule, the lender won’t allow you to do a short sale.

Question: Why the term black mark? Why not white, yellow, red, green, mark?

This article is an oxymoron and the writer/editor is (using their preferred terminology) a “black mark” on the web.

]]> By: Jason http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69484 Jason Fri, 28 Aug 2009 04:26:52 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69484 I will try to lay this out nice and easy if I lose you contact me with question I really need help don’t we all. I wanted to purchase a home in 2006 butt had no income fresh out of the ARMY home from Iraq. My wife’s mom purchased the home for us and did a quick claim deed and putts me on it (butt I’m not on the loan paper work just the title). The house was 140,000 and is on an arm that has expired a year ago my wife and I are the ones writing the checks to the Moorgate company HSBC we are now 40 days behind and are having trouble paying. The payment went up $390.00 a month which we cant afford other then getting a divorce and screwing over my mother in law I don’t know what to do. That was a bad joke I would never leave my wife I love her to much butt seriously I feel like I have no options at all. Four other houses on our street have been bank sold in the past year the last one only went four 60,000 and it has slightly less square footage then my house. HSBC tells me that there not taking on any more loans and say they don’t participate in any support programs that Obama has passed just try to sell it is all they say. My email Jasonsosnowski2003@yahoo.com P.S If any one has any constructive advice please contact me thank you in advance I will try to lay this out nice and easy if I lose you contact me with question I really need help don’t we all. I wanted to purchase a home in 2006 butt had no income fresh out of the ARMY home from Iraq. My wife’s mom purchased the home for us and did a quick claim deed and putts me on it (butt I’m not on the loan paper work just the title). The house was 140,000 and is on an arm that has expired a year ago my wife and I are the ones writing the checks to the Moorgate company HSBC we are now 40 days behind and are having trouble paying. The payment went up $390.00 a month which we cant afford other then getting a divorce and screwing over my mother in law I don’t know what to do. That was a bad joke I would never leave my wife I love her to much butt seriously I feel like I have no options at all. Four other houses on our street have been bank sold in the past year the last one only went four 60,000 and it has slightly less square footage then my house. HSBC tells me that there not taking on any more loans and say they don’t participate in any support programs that Obama has passed just try to sell it is all they say.

My email Jasonsosnowski2003@yahoo.com

P.S If any one has any constructive advice please contact me thank you in advance

]]> By: Maureen Francis http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69125 Maureen Francis Tue, 28 Oct 2008 15:28:52 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69125 Ann, Your credit will start to get better with time. In terms of this being a good time to do a short sale, I don't know what you mean. People should ask for a short sale when they are no longer able to make their payments and the home is worth less than the mortgage. If you are able to make your payments then it is a bad time to do a short sale. I don't think a short sale is something you can time to chose a better time to do it than a worse time. What am I missing? Ann,

Your credit will start to get better with time. In terms of this being a good time to do a short sale, I don’t know what you mean. People should ask for a short sale when they are no longer able to make their payments and the home is worth less than the mortgage. If you are able to make your payments then it is a bad time to do a short sale. I don’t think a short sale is something you can time to chose a better time to do it than a worse time. What am I missing?

]]> By: ann http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69124 ann Tue, 28 Oct 2008 15:10:54 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69124 I am thinking of doing a short sale on my home. The house needs alot of repairs in order to sell if for what it is worth. So therefore the short sale. I am now 3 months behind, and you DO have to be behind in order for the bank to accept the short sale. But I was wondering if you can advise me, if this is a bad time to do a short sall,and if I do end up doing the short sale, will it have any affect on my trying to buy something else say in a couple of years or so. Please advise ASAP. Thanks. I am thinking of doing a short sale on my home. The house needs alot of repairs in order to sell if for what it is worth. So therefore the short sale. I am now 3 months behind, and you DO have to be behind in order for the bank to accept the short sale. But I was wondering if you can advise me, if this is a bad time to do a short sall,and if I do end up doing the short sale, will it have any affect on my trying to buy something else say in a couple of years or so. Please advise ASAP. Thanks.

]]> By: Janil Peguero http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/comment-page-1/#comment-69068 Janil Peguero Tue, 07 Oct 2008 01:45:04 +0000 http://mioaklandcounty.com/blog/2006/10/12/how-does-a-short-sale-affect-my-credit-rating/#comment-69068 Distress is something that many people are going through at this moment. However, I am an experienced realtor in the state of Florida and I am designated aa Certified Distress Property Expert. Distress is something that many people are going through at this moment. However, I am an experienced realtor in the state of Florida and I am designated aa Certified Distress Property Expert.

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