Budgeting Tips

Why Mortgage Lenders Want to See a Short Sale Rather Than a Foreclosure?

Like a foreclosure, a short sale is going to negatively impact your credit, albeit to a lesser extent, in Florida. Your mortgage lender may report it to credit bureaus as a loan settled for less than the amount due, a deed-in-lieu of foreclosure, or a charged off. While a short sale can stay on your […]

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