Whether you foreclose, do a short sale or go through a deed in lieu of foreclosure your credit is shot. The extent to which your score falls may differ, but to any future creditor it is all the same. Not only that but when you apply for credit in a few years, its really important [...]

I’ve written plenty about the importance of having a good credit score and maintaining a clean credit report. From getting a job promotion to finding the right spouse, your credit score can play a much more ubiquitous role than ever before. That was then, but this is now. In today’s changed lending landscape your perfect [...]

A reader reacts to my post titled “Why Lenders Care About Credit Scores” and sends this excellent question: How much more of a positive effect does putting a greater percentage down on the home purchase vs. a low credit score. For example, if I have a credit score of 620, but put down 20% down, [...]