Linda Ferrari's (lferrari) Blog

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Services for Real Estate Pros - Credit Resource Corp.
RECENT BLOG POSTS
Foreclosure, Deed in Lieu of Foreclosure, Short Sale, Loan Modification and Bankruptcy can all have long-lasting impact on an individual's ability to obtain credit. Homeowners need to get the facts before making critical decisions that will impact their lives for many years to come. In this serie...
06/29/2009
For years, credit experts, including me, have told people that a foreclosure is the worst possible option for homeowners who are upside down in their mortgage and is something to avoid at all costs. One of the alternatives to foreclosure that homeowners have is a short sale, which is when a bank ...
06/22/2009
While the roots of the modern credit report can be traced all the way back to 1898, the numerical credit score wasn't devised until the 1950s and didn't become a major part of the American financial system until the last twenty years. In 1956, Bill Fair and Earl Isaac devised analytical tools tha...
06/12/2009
Foreclosure, Deed in Lieu of Foreclosure, Short Sale, and Bankruptcy can all have long-lasting impact on an individual's ability to obtain credit. Homeowners need to get the facts before making critical decisions that will impact their lives for many years to come. In this series of seven blogs, ...
06/04/2009
"Is it better to file for bankruptcy or to be foreclosed?" "What is a short sale and how can it affect my credit?" "What about a Deed In Lieu of Foreclosure? Or a Loan Modification? "What should I do?"  Every day, these questions are asked of me by frightened homeowners who are quickly trying to...
05/23/2009
Although the current credit crisis is causing more couples to stay together because they cannot afford to financial support two households, statistics still show that 1 out of every 2 marriages ends in divorce! That's a daunting statistic and one that brings with it an abundance of emotional and ...
05/18/2009
A bankruptcy is reported on your credit report as a public record, and there is no doubt that your scores will drop anywhere from 100-300 points when it first hits, depending on how many points you still have to lose in your payment history factor. Keep in mind, by the time you have filed bankrup...
05/16/2009
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Linda Ferrari

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