Saturday, January 10, 2009

How Will The Lender Report The Short Sale On The Credit Bureau's?

Answer: Depends on the lender or servicing company

Anything less than "Paid In Full" is considered derogatory, and will reduce a home owners credit scores. Typically, the lender will report the account "Paid Not As Agreed". This is still much better than a foreclosure that will remain on a persons credit for up to 10 years.

Please call 1-800-480-1917 or e-mail ZOOMLossMitigation@gmail.com with any additional questions.

www.ZOOMLossMitigation.com