|
Tons of blog/niche content and PLR articles for just $17.00! Check this out... you'll be surprised!
Welcome to Article Realm - Free Article Directory - Free Articles!
Articles » Finance >> View Article
|
|
Daily Forex Calls
A trading roadmap to improve and maximize your trading strategies... read more
Automated Trading Software
Advanced new software exploits forex loopholes for profit, hurry!... read more
Profitable Trading System
Profitable trend forex trading system - unique system.... read more
Daily PIP Magnet
How does up to $1,500 in just about 3 hours sound?... read more
Market Turning Points
Predict market turning points! Fibonacci trading of forex.... read more
|
|
|
 |
|
 |
| CREDIT SOLUTIONS FOR REAL ESTATE FORECLOSURES |
By:
Chad Sunyich |
|
Over the past few weeks, we have received a growing number of inquiries into a blog written about credit solutions for people who have recently experienced foreclosure on Real Estate or may be considering the possibility of foreclosure, and so I want to share a few of the principles covered in the blog.
In my research, I found very little new information about removing foreclosures from your credit report; however, I did find a variety of the normal credit repair options available, with many boasting several hundreds of foreclosure removals over just a few months time. Very impressive numbers, although the statistics are a little confusing because they don't tell you if these items have been removed from 1 out of 10 credit reports or 8 in 10. They also don’t tell you if the item was removed permanently or reappeared after an automatic quarterly update of the file, which is very common with traditional credit repair.
In my findings, it became evident that traditional credit repair strategies are still working to remove foreclosures, and therefore each of us already have the tools necessary to accomplish the same results for very little cost. Removing a foreclosure from your credit report will instantly boost your credit scores, increase your access to cheaper credit and build a foundation for turning your credit into wealth.
I also found some great information for those who sold their home but still have a foreclosure showing on their credit report. There is a difference between foreclosure suits and an actual foreclosed home. If you managed to sell your home before the foreclosure judgment was made final in court, then your foreclosure is not valid and can be removed from your credit file with the proper documentation. The first step is to get a copy of your case dismissal from your county courthouse. If you find that a dismissal was not filed by your old mortgage company, contact your mortgage company and request an immediate dismissal of the mortgage. It is their obligation to file the dismissal after receiving payment, so send the request as soon as possible.
After obtaining a copy of the dismissal, contact all three major credit reporting agencies and dispute your credit profile by reporting the negative entries on your credit report as inaccurate. The credit repositories will check the information with your old lender and inform you of the outcome within 30 days. If the old lean holder does not respond or modify the information, then the negative items must be permanently removed from your credit report. Be sure to send copies of the dismissal to the credit reporting agencies with return receipt, so that changes can be made directly to your report.
The author Chad Sunyich writes about credit solutions for real estate foreclosures. He shares here a few principles through his research and through the inquiries generated into his blog. He writes on credit repair solutions that will help turning your credit into wealth. Know more on Cash Flow Management, Real Estate, etc on www.onlinecashflowmanagement.com |
|
|
 |
 |
 |
 |
|
|
