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How Does A Short Sale Or Loan Modification Affect My Credit In Arizona

Hi everyone Jason Wells here with Wells Realty and Law Group thank you for your time today. I am back again this week to answer a question from an actual homeowner who needs to sell their home quickly. If you have a question you would like answered in our blog or want to discuss your […]

What Will My Credit Look Like After A Foreclosure Or Short Sale?

Today our question of the week has to do with credit ramifications after a short sale, foreclosure, loan modification or any distressed financial situations. The first thing to do is take into consideration the long term and short term effects of each of these different types of situations. In a foreclosure, the long term effects […]

Does Your Real Estate Agent In Tempe Know All Facets Of A Short Sale?

Do you need to sell your home but are underwater? Are you looking for a real estate agent in Tempe that can show you what your alternatives are at this point? The team at Wells Realty and Law Groups say that the best option for underwater homeowners is probably a short sale. Of course, this […]

Loan Modification Treated The Same As Short Sale On Credit Report

I was speaking with a loan officer today and learned something very interesting about how loan modifications are treated on  a credit report. Individuals with loan modifications are treated the same as those with short sales in their past for purposes of obtaining a loan to purchase a home in the future. Loan Modification = […]