Short Sale -vs- Foreclosure
Under the new Fannie Mae guidelines (8-16-2008), the impact of a Foreclosure on a borrowers’ credit worthiness is considerable. Homeowners who have had a foreclosure will not be eligible for financing for a period of five years! By contrast, homeowners who opt for a Short Sale are eligible in 2 years. For any Tampa homeowners who are discouraged and might consider just “letting it go into foreclosure”, the new guidelines are very bad news….we urge you to investigate a short sale. Call Team Bohannon today for details.
- by dale bohannon
« Big Business Commitment Can Only Mean Good Things For Tampa Bay Florida | Home | Fall Fusion is a Celebration of Family in Cory Lake Isles, Tampa Bay Florida »
Comments are closed.