Columbus
OH – If you have a foreclosure or short sale on your
credit report, then it will lower your credit score quickly. In the near term, the decrease will be much more than it
will be a few months down the road when it starts to inch its way back
up.
The credit reporting bureaus weigh the most recent activity more heavily than the distant past.
Taking
action now to build up the most recent activity is a great way to help
your score rebound. So for now, here are the things you should be doing
from this day forward to keep your score improving:
First,
keep your report clean and clear of NEW negative items.
This means that you need to pay on time, every time on open credit. You
must not have any new collection accounts or charge offs.
Don’t
try to open ANY new credit – this means new car loans,
or a Target charge card, or any new opportunity to open any other new
credit. Don’t do it.
After a foreclosure or a short sale, you
want anything that appears on your credit report to be spotless – that
the short sale or foreclosure was a blip on the radar, the past, out of
the ordinary for you.
Re-build your credit report
with favorable credit. Ask your bank if you can use a
secured Visa or MasterCard through them.
A secured Visa or
MasterCard is much like a debit card – you preload it with the amount
you want available. Unlike a debit card, a secured credit card will get
reported to the credit bureaus, and this will help to rebuild your
score.
Obviously, the best way to deal with bad credit scores is
to avoid it in the first place if possible. If you have a history that
needs a bit of polishing, hang in there.
Follow the steps that
I’ve written about, stay on track, you will be able to look back and
feel a sense of pride about your accomplishments. Thinking about a short
sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at robin.lemmons@kingthompson.com. I will contact you for a free consultation.
When
we talk, I will explain how the process works in detail and answer any
questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Thanks for reading this, Robin Lemmons.
Rick & Robin Lemmons is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
Email: robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Columbus Loan Modification Help, Columbus Short
Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor.
Columbus OH Short Sales. Columbus Realtor. Columbus OH Short Sales.
Columbus Realtor.
Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Rick & Robin
Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure
Institute are not affiliated in any way, shape, or form with the
government. Our services have not been reviewed or endorsed by the
government or your lender. Most lenders willingly work with agents on
short sales. Why?
Because most short sales are beneficial to a
lender. If you accept our offer to help you on a short sale, your lender
may not agree to a short sale or to modify your loan. We do offer a
loan modification kit.
However, the likelihood of negotiating a
modification is like everything else in life. It takes work and
persistence to convince your lender to modify your loan. No matter what
you or we do, your lender may not approve a loan modification.
We
do not recommend that you stop paying your mortgage, because this will
cause damage to your credit and could cause you to lose your home.
Because we know avoiding foreclosure is so important to any homeowner,
we recommend that you speak with the appropriate legal or tax advisor
before making any decision.
This is not intended as legal,
technical, or tax advice. Please speak with a licensed professional
before making any decision. Information is deemed reliable but not
guaranteed as of the date of writing.
You have the option to
reject a short sale or loan modification from your lender if it does not
meet your approval. If you decide not to go thru with the short sale,
then you do not have to pay us our fee. We normally make a real estate
sales commission for helping you on a short sale.
The views expressed here are Robin's personal views and do not reflect the views of Coldwell Banker King Thompson.
This
information on Fixing Credit After A Columbus Short Sale Step 10:
Maintaining Good Credit is provided as a courtesy to our viewers to help
them make informed decisions.
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