what you need to know about short sales

Thumbnail image for What Are The Benefits To Doing A Short-Sale – Sherman Oaks Real Estate

What Are The Benefits To Doing A Short-Sale – Sherman Oaks Real Estate

by Mario Acosta June 17, 2011 Sellers

Considering a Short-Sale for your Sherman Oaks home? There are two parts and scenarios that need to be considered.
Credit Bureau Reporting

Let’s start with how a short sale will be reported to the credit bureaus. In cases of both  short sale and foreclosure, any delinquent mortgage will negatively affect credit ratings.  But short sellers will have …

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Thumbnail image for Questions Regarding Short Sales? – Sherman Oaks Homes

Questions Regarding Short Sales? – Sherman Oaks Homes

by Mario Acosta May 19, 2011 Local Topics

Some Frequently Asked Questions:

What are the advantages of a Sherman Oaks short sale?
A short sale can minimize the damaging impact to your credit and can minimize your financial exposure and liability. A foreclosure can remain on your credit for up to seven years while a short sale usually gets reported as a “settled debt” and …

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