People facing foreclosure on their homes and trying to salvage what they can of their credit, or those who are upside down on their homes and looking to get out from under, often turn to a “short sale” as the solution. But a short sale isn’t what most people think it is, and isn’t the “silver bullet” they hope it will be.
In an effort to bring the truth to people, I talked to a local expert on the subject, Lynn Stambaugh, the broker/owner of Cardinal Real Estate Services here in Woodbury. If you are considering a short sale of your home, she is worth a listen, and if you need solutions for an “upside down” home, she is worth talking to.
People in financial difficulty often have low credit scores that prevent them from achieving their financial goals and dreams. So in this episode, I talk about what has to be done to clean up your credit reports and start increasing your FICO score.