Oct
3

Short Sales are still a relatively new concept. Banks have the option of submitting the short sale to the credit bureau as "Paid in Full" or "settled for less than full balance". As far as your credit score is concerned, there is no evidence whatsoev... Read More

Posted on Homehelper Consultants WA Blog on October 3rd, 2011


Sep
29

All banks prefer a short sale over a foreclosure.  They don’t want your house back!  Read More

Posted on Homehelper Consultants WA Blog on September 29th, 2011


Sep
16

  Your credit report is not updated in “real time”.  Sometimes it can take months for information to make it onto your credit report.   If you pay off your credit card debt thinking it will help your credit score it can take 30 to 90 days for ... Read More

Posted on Homehelper Consultants WA Blog on September 16th, 2011


Sep
15

City of Bellevue, WA Community Calendar link... http://www.bellevuewa.gov/cobcalendar/Default.aspx Read More

Posted on Homehelper Consultants WA Blog on September 15th, 2011


Sep
13

First and foremost you need to be sure it’s what you really want to do!  Do you have an emotional attachment to your home?  Where will you go after your home is sold?  Is there any way you can afford to keep paying your mortgage?... Read More

Posted on Homehelper Consultants WA Blog on September 13th, 2011


Sep
6

A strategic default is a decision by a homeowner to stop making payments on their mortgage (to default) even though they are financially able to continue to do so.  Why would someone do this?  Usually it occurs when the market value of the ... Read More

Posted on Homehelper Consultants WA Blog on September 6th, 2011


Sep
2

A deficiency judgement is when the lender refuses to forgive the unpaid portion of a debt and tries to collect on the remaining balance.  The lender can hire an attorney to sue for the remaining debt.  If successful, the lender will obtain ... Read More

Posted on Homehelper Consultants WA Blog on September 2nd, 2011