Get Your Homeowners Insurance Ready Before Closing

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Dec 01, 2010

The Effect Of Doing A Short Sale On Your Credit Rating

Homeowners who are having problems in their finances and facing foreclosure often decide to short-sell their home in order to avoid the foreclosure process. This is exactly the condition now in the real estate market where the sub prime adjustable rate mortgage problem has created large-scale foreclosures and tremendously dragged the value of real estate down. Short selling your real estate property may affect your credit rating.

By:
Alvin