Luis  Ramirez
DRE# 01396086

One of the primary benefits of a successful Short Sale is avoiding the credit damage of a foreclosure. The damage to your credit done by a foreclosure lives on for years – at least 10 years.

Your credit will recover much quicker from the credit dings of a few late mortgage payments, if you keep your other accounts current. So, consider allocating your funds to meet necessities (food, utilities, household needs, auto expenses, and such) first. Beyond paying for necessities, plan to pay other bills to keep as many accounts current as possible.

Keep “Necessary” Accounts Current

When deciding which credit bills to pay, review the terms of your credit accounts. If you are using a credit card (temporarily) to pay for necessities, you want to be sure not to jeopardize the availability of that account.

A Short Sale may be just one part of a larger effort to get through a tough period. We want to help make it's possible for your credit to recover quickly. You need to avoid foreclosure – and we can help.

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