A short sale is when you sell your house for less than what it is worth. Short sales are often used when people need to sell their house fast due to financial issues.
The biggest things lenders and creditors will pay attention to is your payment history. If you missed payments on anything, then the lenders will notice and be a bit more hesitant on lending for the next home you look into purchasing. Creditors pay the most attention to payment history, so keeping yours pristine is important for your financial portfolio.
Debt happens. It doesn’t matter whether you put yourself in debt or if you’re a victim of circumstance. What is important is how you deal with it. Take the first steps towards fixing it today.
There are a lot of myths about flipping houses. Here’s what you absolutely need to know to make the best decision about your real estate future.
Taking out a mortgage has become a completely normal practice in homebuying. However, as mortgage buying becomes more routine (and accessible), the real estate market will make prices more competitive (and expensive).