What Happens If You Get a Foreclosure Notice?
October 30, 2019
In the event you receive a foreclosure notice in the email, it means you have fallen far enough behind on your mortgage payments your lender intends to take your house and sell it off unless you make up payments. Your lender can begin foreclosure if you miss one payment, but many creditors will send an […]
How Can a Short Sale Affect FICO?
October 27, 2019
A short sale of a house occurs when a homeowner successfully sells his house for less than is owed on it. Typically, the mortgage creditor forgives the difference between the selling price and the mortgage balance. However, a short sale has the potential to negatively alter the seller's credit background for a time. The seriousness […]