What is the difference between how a deed-in-lieu is reported on my credit score vs. a short sale?

What is the difference between how a short sale is reported on my credit vs. a deed-in-lieu? A. This is right out of the MHA Handbook: (Credit) Reporting for Deed in Lieu should be as follows: Account Status Code = … Continue reading

Foreclosure vs. Short Sale in Nevada. Which one is better?

Q: Which one is the better option? Short Sale or Foreclosure? A: You make the call! At one point, FICO Banking Analytics said there was no real difference in the affect a short sale or a foreclosure had on your … Continue reading

My neighbor just moved out of his house one night. Why do so many people do this?

Q: My neighbor just moved out of his house one night. Why do so many people do this? A: Getting free from unmanageable debt doesn’t have to mean running away however the numbers of people who do this are astounding. … Continue reading

Unmanageable Debt

Unmanageable debt is a sign of the times! Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. But upheaval on Wall Street, … Continue reading