Posts tagged "credit score"

How Does A Short Sale Impact Your Credit Score?

This is not an April Fools joke but it is based upon a single data point so take it with a grain of salt. I thought this story of how a short sale impacted one person’s credit score was extremely interesting and surprising so it was worth sharing. First, the conventional wisdom is that it... Read more »

What Is The Best Way To Default On Your Mortgage? - Part II

I asked Doug Katz, a sales manager at Chicago Bancorp, to write a follow up article on the differing impacts of the various ways of walking away from your home and mortgage. The first article dealt with the impact of mortgage default on your credit score. In our present economy, the terms foreclosure, short sale,... Read more »

What Is The Best Way To Default On Your Mortgage?

I asked Doug Katz, a sales manager at Chicago Bancorp, to provide some insight on a common question asked by people who decide they need to get rid of their home and their mortgage.So, you wake up one day and decide that the home on which you owe more than the value is no longer... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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