Coldwell Banker Premier Realty

Short Sale... A Savior?

If You Are Facing Foreclosure, a Short Sale Can Help With Damage Control
Posted by Jesse Olive on June 23, 2015 in  credit  distressed housing  foreclosure  Las Vegas Short Sales  short sale
Coldwell Banker Premier Realty recently spoke with Denise Eccher with Homeowner Relief Lawyers, LLC of Las Vegas, NV in order to help educate our readers about the benefits of short sales versus foreclosures. In that interview, we learned that foreclosures can be a crippling blow to anyone’s credit, taking into account that foreclosures automatically drop your credit score from 85 to 160 points for 7 years. These circumstances can essentially bar you from lending services and can reach as far as denying you... read more
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Boomerang Buyers

CNN explores families that have returned to the market after a foreclosure
Posted by John McClelland on March 12, 2013 in  credit  foreclosure  short sale

Buyers that lost their homes to foreclosure just several years ago, have nursed their credit back and are back in the market for a new home, however they often enter at half of the prior mortgage payment.

http://money.cnn.com/2013/03/11/real_estate/foreclosure-homes/

 

 

 

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