How many years does a short sale affect your credit?
How many years does a short sale affect your credit?
Short sales, like foreclosures, can remain on your credit report for as long as seven years. The silver lining with short sales is that your score is likely to begin improving more quickly, usually in about two years.
What is involved in a short sale?
A short sale is when a home owner sells his or her property for less than the amount owed on their mortgage. In other words, the seller is “short” the cash needed to fully repay the mortgage lender. Typically, the bank or lender agrees to a short sale in order to recoup a portion of the mortgage loan owed to them.
What is a short sale specialist?
Short sale specialists are expert negotiators who work as an intermediary between all parties. The secret to successful short sales lies in determining how much the buyer will pay and how low the lender will go.
What is a short sale how is it different than a foreclosure?
Short sales and foreclosures can get homeowners out of paying for their mortgages. Short sales are voluntary and require approval from the lender. Foreclosures are involuntary, where the lender takes legal action to take control of and sell the property.
What do I need to get a real estate license in California?
Candidates must be at least 18 years or older, complete 135 hours of required Pre-Licensing education, and find a licensed CA real estate broker to work under. Next, you must apply for the state Salesperson Exam and submit an application for a license, which includes fingerprinting and a background check.
Is becoming a real estate agent worth it 2020?
The short answer is no. In fact, the future of real estate agents looks fairly promising. Regardless of how advanced real estate tools and predictive analytics get, buyers and sellers will always turn to agents for professional guidance.
How long does it take to become a licensed real estate agent in California?
On average, it takes between five (5) and six (6) months to get a California real estate license depending on the pace in which you complete the 135 hours of pre-licensing courses and pass your licensing examination, the time it takes you to complete the application process and find a sponsoring broker, and application …
Can you take the CA real estate exam online?
Examinations conducted in Fresno, La Palma, Oakland, Sacramento and San Diego are currently offered in an electronic format. Examinations are subject to cancellation. In the event that unforeseen circumstances force the closure of an exam center, your exam date will be rescheduled at no additional cost.
