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Credit Score in Tampa : Real Estate Advice

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  • Home Buying829
  • Home Selling80
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Activity 10
Sun Jul 19, 2015
Five Stars Mortgage answered:
You should have some options with USDA and/ or FHA. Contact us to discuss in detail.

Five Stars Mortgage - Florida's leading mortgage resource
Ph: 800-871-2636
1 vote 14 answers Share Flag
Tue Jul 14, 2015
George Dudley answered:
Did you have success in getting pre-qualified? your score is a little low however the approval is best on other comments. that being said, with the debt all being maxed out it could raise the credit risk. my advice would be to let a licensed Loan Originator do a full application to determine if you qualify and if not what is going to be needed to get you in a position to purchase a home.


George Dudley
Branch Manager
Office: 813-257-9033 Ex.3202
Cell: 561-420-2816
NMLS ID: 324554
Email: gdudley@ahmcloans.com
Website: https://gdudley.ahmcloans.com
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0 votes 23 answers Share Flag
Thu Jun 25, 2015
Sean Nickle answered:
Peggy,

Does FICO have category for a short sale? The answer is no. If you have a short sale there are many ways FICO will ding one's credit based on the information about the short sale on their credit report. If there is a 90 day late on their credit report on a mortgage FICO views that as a foreclosure and will penalize it accordingly. If the short sale shows up as a profit loss or paid less than balance owed they will also be penalized as well but as long as there is not a 90 day late it will not be penalized as a foreclosure. A lot people believe that a short sale will not penalize you as much as a foreclosure but that is not necessarily true. It all depends how it is reported. This is not a very popular answer to the real estate industry, however it is an accurate answer. Be very careful of credit advise. It is a very misunderstood industry. If you would like to learn the truth about credit and how the FICO scoring system works there is a book out there that spells it all out.
Go to www.cmsconsultants.net, click on the book "Revealed - the Truth About Credit" and enter int he promo code - "seancredit". With this promo code the book will be free, it is a $59.99 value. Hope this helps.
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0 votes 11 answers Share Flag
Tue Jun 16, 2015
Alma Kee answered:
Also I would highly recommend visiting this Ivy League Finance Professor's website:

www.MtgProfessor.com

Shopping for a mortgage is much different than shopping for a car loan.


Also Dave Ramsey has a fantastic "Financial Peace University" course to help you get back on track to prioritize what is truly important in life, "family & friends" versus "stuff".

All the best,
Alma
Alma Kee
Future Home Realty
813.244.9898
www.SoldOnTampa.com
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0 votes 11 answers Share Flag
Mon Oct 13, 2014
Randy and Vicki Biehl answered:
There are some lenders that do have mortgage products for mobile homes. Working with a local realtor is the best way to get that information.
0 votes 10 answers Share Flag
Sun Oct 12, 2014
Robert Krop answered:
Sun Oct 12, 2014
Robert Krop answered:
Mon Aug 5, 2013
Lynn Brock answered:
Cassie, why do you think you have a broken lease?

Each county has a landlord tenant board, some have a nuisance abatement board. You can check with them regarding a broken lease.

1.) You have to be in good financial standing with your landlord.
2.) Your end of the lease terms have to be in good standing.

Whatever is the issue you will have to pursue this matter, with an attorney or legal aid.

Best regards,

Lynn Brock
Brock Realty Inc.
941.313.1234
www.brockrealty-inc.com
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0 votes 6 answers Share Flag
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