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Tag Archive | "Credit Score"

Affects of Short Sale & Foreclosure on Credit & Ability To Purchase

Saturday, July 24, 2010

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The National Association of REALTORS released some updated infomation on the affects of short sale, foreclosure, bankruptcy and deed-in-lieu of foreclosure on FICO scores and the ability to purchase another home. Short Sale  (Deed-inlieu of Foreclosure Guidelines are similar) – According to the report the affect on your FICO score from short sale depends on [...]

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Foreclosure Today & In the Past: How Will It Affect Credit Score?

Friday, April 24, 2009

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How Will Foreclosure Effect Credit Scores? The amount of damage to a credit score caused by foreclosure, deed in lieu or a short sale during 2008 and 2009 may be mitigated by the slower economic times, say some credit and legal experts. FICO may have to adjust its credit scores to lessen the impact of [...]

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