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 [...]

Short sales and bank owned properties (REO) seem to be in hot demand these days in the Phoenix area. Why shouldn’t they be? For many, these properties can make perfect sense plus there are lots of them to go around. According to Phoenix area real estate agent Jonathan Dalton there are currently over 5000 short [...]