Posts Tagged ‘jacksonville florida short sale’
August 2nd, 2010 | 
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Fair Isaac, the company that developing the FICO credit scoring system, recently gave details about how late or missed mortgage payments, short sales, foreclosures and bankruptcies impact an indivdual’s credit score.
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If you are considering making an offer on a short sale property, it would be worthwhile to wait until April 5th. The new regulations beginning on that date will provide financial incentives to banks to respond to offers on short sale properties within 10 days. I’ve had these offers drag out for MONTHS and it is not a good experience for anyone involved in the transaction. Hopefully this will help clear out some of the short sale inventory and begin to stablize the housing market!