I received yet another call today from a past client. He was delighted with the service we provided. Only 6 months after completing his short sale, his credit scores are back over 700. Why? Well I am not the credit bureau, but my guess is that is has a lot to do with the debt ratios. After unloading all that bad debt, guess what? They now have an excellent credit profile. Just goes to show you that home owners are more valuable to our economy without being saddled with hundreds of thousands of dollars in bad debt. Its really just common sense. I have heard this testimonial now from so many past clients. If I were you, I would definitely correct my bad situation pronto.
The Mortgage Forgiveness debt relief act and debt cancellation tax break is due to expire at the end of 2012. You need to have completed your short sale to qualify. That means starting now! Don’t wait till its too late.