Paul Stennett, Realtor

Credit Reports! What are they?

A credit report is a report compiled by one or all of the companies that supply credit reports-known as credit reporting bureaus. A credit report is a record of your past and present loans and credit accounts. A card for your financial credit report is like a report history. What is in my credit? Most credit reports list on-time and overdue payments on credit cards, loans, outstanding balances and credit lines on your credit accounts and unpaid debts. There are several codes used in credit reporting which can make reading a credit report difficult to understand. How do I know if there is negative information on ...

Preparing Your Home For Sale

It is very important to up keep your property when placing it on the market for sale. A property that is well kept is more likely to sell faster than property that is in poor condition. Here are some tips to enhance your home’s exterior and curb appeal to buyers: Keep the lawn edged, cut and watered. Regularly trim hedges and weed lawns and flowerbeds. Be sure your front door area has a "Welcome" feeling. Paint the front door. In spring and summer, add a couple of pots of showy annuals near your front entrance. In snowy areas, keep walks neatly cleared of snow and ice. Check foundation, steps, ...

9 Ways To Avoid Foreclosure

1. REINSTATEMENT: Bring the loan current 2. FORBEARANCE: Temporary repayment plan 3. REFINANCE: New loan with reduction in monthly payments 4. LOAN MODIFICATION: Modify original loan terms 5. SELL THE PROPERTY: Use equity to payoff or pay difference 6. RENT THE PROPERTY: Must make loan current 7. SHORT SALE: Negotiate with bank to accept sale under loan amount 8. DEED IN LIEU OF FORECLOSURE: “friendly foreclosure” 9. BANKRUPTCY: Will stall foreclosure but not prevent it If you have any questions, you should contact a Certified Distressed Property Expert (EDPE)