Tag Archives: FHA guideline

How Will Future Lenders View me After Foreclosure, Bankruptcy, or Short Sale?

The Great Recession was hard for many consumers. People who had perfect credit experienced extreme credit issues for the first time in their lives. Overcoming the circumstances that caused the previous financial issues requires knowing what to expect when reapplying for a mortgage in the future. It is important to understand the process and be informed about details of the mortgage guidelines to become a homeowner again.

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How Long Will my Credit be Impacted After Foreclosure?

CREDIT has become the adult grade card. It opens and closes doors of opportunity and survival. For someone in a mortgage crisis it is more important to focus on closure in order to move forward. Once a house is foreclosed upon or sold in a short sale the healing process begins.

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