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Dominique & Briana
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Testimonials
"As the owner of a title office, I have had the opportunity to work with Dominique and was impressed with each transaction. His knowledge and understanding of real estate investments, closings and insights in the area of the closings is most impressive. He has integrity and complete honesty with each of his clients. It has been my pleasure to have him as a client and I look forward to many future transactions."
Virginia Lubbe, Escrow Officer
Fidelity National Title Co.
"I have worked with Dominique for quite some time now. Therefore, I can truthfully say Dominique is a wonderful person to work with. His professionalism exceeds expectation. He is a dedicated professional: well organized, qualified and believes in service as his #1 priority. He works with patience, confidence, honesty and confidentiality. He insists on the best. Because of this you will always have smooth transactions."
Dorothy Pierce, Realtor Associate
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"Building Relationships One Transaction at a Time!"
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Dear Homeowner,
Let's talk about the pink elephant in the middle of the room--foreclosure.
It is something that no one wants to talk about. However, if you're thinking it will go away by throwing away the letters your lender is sending you, think again. Foreclosures have the same effect on your credit score as that iceberg did to the Titanic. Unfortunately, most people don't know that foreclosures are a double-edged sword.
First, it will appear as a notation in the tradeline which shows all information on your account for the particular creditor. (What is a tradeline you ask?...It is just an entry on your report showing account information--good, bad, or both). In your case it will be bad for the series of missed mortgage payments. Secondly, it appears in the public records sections as an adverse judgment, collection, deliquency, etc...you get the point!. So what does this all mean?
A couple of things....
- You have at least 3 years from the date of the foreclosure to even be considered by lenders for a loan of any kind. (that's the good news!)
- 35% of your total credit score is determined by the two things most affected by foreclosure: 1) the tradeline with the negative payment history and 2) the negative public record.
- Think of it this way. If the average credit score of Dallas residents is 650, a foreclosure could have more than a 200 point impact on your credit score! Try getting any utilities activated in your name with a credit score of 450--it's not happening!
Ok, hopefully now I've at least got you thinking about getting those letters out of the trash can! Listen, I've heard a lot of people say that "knowledge is power" but that couldn't be further from the truth. Unapplied knowledge is useless. In order to change a situation you not only need the "know-how", you need the "DO-NOW"!
At Covenant Real Estate we offer assistance in helping you come to a decision. I will explain each option you can take to avoid foreclosure and the devastation of your established name and credit. I will do this with no strings attached. You will receive from me a free, one-hour phone consultation so that we can identify your best route of escape. What you do afterwards is totally up to you. At this point, you have absolutely nothing to lose.
P.S. To get some more helpful information, click here.
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