Truth in Foreclosure

What Happens to My Credit Score with a Mortgage Loan Mod?

The companies behind the new VantageScore credit score just finished up a study of over 400,000 credit files to see what the impacts of different foreclosure workouts are. Their results aren't probably as bad as you think...some people could actually see an increase in scores because of modifications. Come find out how...as well as what to expect if you have a short sale, a foreclosure, or a bankruptcy instead of a mod. Plus, I share what's happened to my credit because of my short sale.

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What No One Tells You About Bankruptcy, Foreclosure and Your Credit

When you're going through foreclosure, many people will tell you that you can use bankruptcy to slow or stop the process. And they're right. But what they usually don't tell you are the consequences of filing bankruptcy and the fact that over 95% of bankruptcy workout plans fail.

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Too Good to Be True?

Have you been looking for a trustworthy non-profit organization to help you out of foreclosure or save your home? We’ve been looking too…and this is what we found. An organization that offers low-interest home purchase and refinance loans to "high risk" borrowers. They have an amazing track record of successful advocacy against predatory and discriminatory lenders. It sounds too good to be true…but rest assured it isn’t. They’ve been around since 1988!

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Expert Advice – Foreclosure and Credit Scores

There's a ton of confusing and conflicting information on the web today about the impact of foreclosure, short sales, loan mods, and other mortgage workouts to your credit. We went straight to the source of credit scores...myFICO...to find out the truth. No one will tell you this because it doesn't sound good if you're considering using their services. We don't care, though...you need expert advice so you can get expert results.

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