How does a short sale affect your credit?

What about a foreclosure? Is it all the same?

What’s important to know, is that if you have bad credit already, a short sale or foreclosure may not affect your credit as much as you think.

In fact, it’s most important to focus on re-establishing your credit after a short sale Arizona or foreclosure. If you can, try to stay current on your other obligations.

Also, you will need to make sure that the lender reported your short sale correctly.

You can buy a home again, so don’t worry. Lenders will just want to know that you are credit worthy after your sale. They understand that thousands of people, just like you, have done an Arizona short sale or lost their home to foreclosure.

So, there are programs out there that will help you get back to the road to home-ownership sooner than you might think.

Did you know we offer resources to credit repair? Make sure to ask how you can improve your scores, or even possibly have the short sale or foreclosure removed from your credit.

You also have the right to check your credit for FREE. Here’s the information:

http://www.consumer.ftc.gov/articles/0155-free-credit-reports

To have your questions answered, simply fill out the form to the right!