If this is a Buyer’s Market, then where are the Buyers?

If this is a Buyer’s Market, then where are the Buyers? A Buyer’s market is one that favors the Buyer. In normal times this means that there is more inventory than demand. The current abundance of very affordable homes for sale and the historically low interest rates would make this a buyer’s market of colossal magnitude, but Buyer’s are staying away when they should be crawling out of the … [Read more...]

Which is better for my credit score, a short sale or a foreclosure?

Which is better for my credit score, a short sale or a foreclosure? They both have the same affect on your credit score.  A foreclosure does not penalize your FICO score more than a short sale according myfico.com. There are some people who think a foreclosure is worse to their credit score than a short sale. Credit score aside, there are other financial issues to consider when defaulting on … [Read more...]