Credit misconceptions

Someone sent this to me but i can’t remember who. Thought i’d pass it on anyway.

1) “Free” credit report scores are accurate and reflect mortgage report scores. No.
For the purposes of obtaining a mortgage; free credit reports are literally worthless.

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New short sale rules

Fannie mae and Freddie mac have come up with new rules.:

As reported by the LA Times, Fannie and Freddie have finalized their new “streamlined” short sale guidelines effective Nov.1st.

Here are the highlights of the finalized criteria:

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