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  • Foreclosure Solutions for Homeowners

    By: Scot Kenkel Do you remember when the iPhone first came out?  About a week before it hit store shelves, an on-line sports book published odds claiming that 1 in 20 shoppers would be trampled to death while trying to get one.  Coincidentally, those are also the odds in any given week that someone will be behind on their mortgage ...
    Posted to Salt Lake Real Estate Blog (Weblog) by 589145 on May 3, 2008
  • How is the Seller's Credit Effected By a Shortsale?

       Sellers will take as big a hit on their credit by going through foreclosure as giving the lender a deed-in-lieu of foreclosure. Points lost on a FICO score are as follows: Foreclosure or Deed-in-Lieu of Foreclosure Both of these solutions affect credit the same. Sellers will take a hit of 200 to 300 points, depending on overall ...
    Posted to Salt Lake Real Estate Blog (Weblog) by 589145 on April 30, 2008