Many times homeowners in foreclosure will give up because they didn t understand the process or felt like they no longer cared. CDPE agents developed a solution to assist homeowners. 1. You will always have to disclose a foreclosure on any mortgage application in the future . 2. Credit score will be lowered by 300 pts 3. A foreclosure is the item that is almost impossible to repair on a credit report . 4. Lender will seek a deficiency judgment for any amount they do not recuperate from a foreclosure . 5. Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a new hire in jeopardy . 6. Many current employers run credit reports when promotion will be offered or just to update for security reason 7. SecuritY clearance and government position including but not limited to Military and law enforcement can be jeopardized by a foreclosure 8.yOU WILL BE RESPONSIBLE FOR A DEFICIENCIES AFTER A FORECLOSURE THESE WILL INCLUDE COST OF LIGITATION PLUS ATTORNEY FEE THE DIFFERENCE BETWEEN THE GOOD AND BAD AS A LISTING AGENT being able to identify the difference between a legitimate investor and those that seeking to take advantage of distressed homeowners will be the key in protecting a borrower from fraud In the distressed market home owners are always stressed for money making them easy marks for dishonest investors. QUALIFCATIONS FOR A SHORT SALE
Category: Real Estate - Homes
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