The answer is quite simple: a home that is foreclosed affects the client’s credit report for up to 10 years! The realestate agent will perform all the necessary duties as in any realestate transaction, but also will help the client complete all the required forms for submission to the lender with regards to a short sale. This way it is easier for the client to reestablish his credit in the future. This is when your banker agrees to accept a loss on the balance due on your mortgage. Contrary to what one [...]
for sale by owner

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