Late Payments Are Typically What Have the Major Affect on Your Credit Score

Posted by on Sep 26, 2012 in Blog | 0 comments

Late Payments Are Typically What Have the Major Affect on Your Credit Score Your Credit Score When you foreclose on a home your credit will be altered for about 5+ years, to say the least. However, when you do a short sale your credit is also affected, but for a much shorter time period and less damage is done. The truth is there is no concrete answer as to how many points it will affect your score. Every person has his or her own FICO and each...

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Bankruptcy, Motion to Avoid Lien, recorded judgments and title

Posted by on Sep 26, 2012 in Blog | 0 comments

Bankruptcy, Motion to Avoid Lien, recorded judgments and title Michelle and I recently dealt with a client that had filed for bankruptcy (Chapter 7) in 2009, and was doing a short sale in 2012.  Our client had assumed that all her unsecured debt had been legally discharged by the bankruptcy proceeding.  Her liens (real estate mortgage and security interest for her car loan) survived. We opened escrow and as is customary ordered the preliminary...

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From the Archives: Dealing with Wells Fargo

Posted by on Sep 18, 2012 in Blog | 1 comment

From the Archives:  Dealing with Wells Fargo We recently had a situation where the notice/posting of trustee sale date was scheduled for Monday, and we had just uploaded a new purchase agreement and all the necessary paperwork on the previous Wednesday.  (Note that no file will be evaluated by Wells Fargo (WF), until all documentation is uploaded into Equator; i.e. a complete file.  WF happily provides the document list.  If you are in a...

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