Credit Scores and Default
Real Estate News From CoStar Group
How foreclosures, bankruptcies, and short sales could affect a person's credit rating. All of them will hurt you one way or another but you need to know what are your best options in a tough situation. Every situation is unique and a discussion with a professional (lawyer, CPA, or real estate professional) is mandatory. Source: Real-Estate:Foreclosures Articles from EzineArticles.com
I keep telling my clients, make sure you make the minimum payments on your credit cards because it will affect the ability to pay your mortgage in the end not to mention affect terribly your credit score. If you cannot afford it, don't buy it!
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