Will My Husband's Short Sale Affect Me Getting a Loan?

Answer A short sale is the sale of a home for less than its market value. It is a popular strategy for a homeowner seeking to avoid the damage caused by a foreclosure. The damage a short sale causes to a ... Read More »

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How will a short sale affect your credit?

A short sale allows a homeowner who can no longer afford his home to sell it and avoid foreclosure. Whether he sells in a short sale or the bank forecloses, the homeowner's credit report is impacte... Read More »

Will getting married affect student loan eligibility?

It will make you an independent student status under FAFSA for the next filing if you have filed for the 2007-2008 school year. The status can't be changed from one status to another in one filing.... Read More »

How to Get a Loan After a Short Sale?

You may have had a short sale but that doesn't mean you can't get a new home 2 years later.

Does a short sale affect credit?

The effects of a short sale on credit depend on how a lender reports the information to the bureaus. Lenders can report the short sale as a debt settlement, which lowers credit ratings. On the othe... Read More »