Lender started foreclosure … What should I do?

Q. My lender has started foreclosure proceedings. What should I do? A. Immediately contact an attorney and/or a MSHDA approved foreclosure prevention counselor in your county. Click on the following link for information on foreclosure prevention counselors. http://www.mshda.info/counseling_search/. Many Michigan counties also have lawyer referral services that can assist you in finding an attorney. The … More Lender started foreclosure … What should I do?

How Long is Credit Information Retained on Your File

A Credit Reporting Agency may report negative information for seven years. exceptions: Crminal convictions may be reported without any time limitation. Bankruptcy – up to 10 yrs. Response to application for a job with a salary > $75,000 – no time limit. Information reported re: an application for > $150,000 worth of credit or life … More How Long is Credit Information Retained on Your File

Bring your preapproval letter and lets shop for some BARGAINS !

Make sure your credit is as clean as possible, according to FICO, a person’s score is as follows: 35 percent is determined by payment histories on credit accounts, with recent history weighted a bit more heavily than the distant past. 30 percent is based on the amount of debt outstanding with all creditors. 15 percent … More Bring your preapproval letter and lets shop for some BARGAINS !