If your home was foreclosed, or you persuaded your lender to accept a payoff for less than the balance you owed them (also known as a short sale), your credit was tarnished. The major ding on your credit will affect everything from shopping for a cell phone, to buying insurance, to renting an apartment
Learn the true and tried tips, and get back in a home soon!
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Tips on Rebuilding Credit after Foreclosure or Short Sale is brought to you by SimplifyEm Pay Rent Online and Property Management Software|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- Landlords And Rental Property Owners Guide To Short Sales in Foreclosure Through a “short sale”, the landlord or rental property owner typically hires a real estate broker to find a buyer to purchase the home for its current market value, even if that value is less......
- Tax Tips for Homeowners of Short Sale or Foreclosed Real Estate If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012 due to short sale or foreclosure, you may be able to claim special tax relief and exclude the debt forgiven......
- Having trouble making home loan payments, Tap into Uncle Sam’s Home Affordable Foreclosure Alternative Program (HAFA) The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. HAFA alternatives......
- New Guidelines Unclog Short Sales Providing Buying Opportunity for Real Estate Investors, Landlords Uncle Sam has been frustrated with slow adoption of short sales. Short sales are where homeowners who are facing foreclosure negotiate with mortgage lenders to have them accept less than what is owed to them.......
- 7 Tips for tapping into foreclosure boom for landlords, real estate investors Foreclosures are flooding the market and currently about 1.5 million of them are available for sale. This seems like a huge opportunity for real estate investors and landlords looking to purchase properties for renting to......

