Upcoming Foreclosures

After a short sale or foreclosure it is a legal way to clean your credit ?

I'm in the process of short sale with one offer in escrow, but suddenly the bank which is bank of america, did foreclosure on the property, I want to be ready for everything that will happen to protect my damaged credit .Bank of America says that they will return the property to finish the short sale but I doubt it. and my real estate agent tells me don't worry. and I really don't know what to think.

Public Comments

1. i just did my 8th year real estate renewal classes as a broker. YOUR query is one of the most common we talk about. Since the US is in NEW territory re foreclosures, the fed has gotten into the picture and has told banks "under conditions A and B, do not foreclose." Those conditions are vague. Therefore, recognizing the fed intervention and the clean credit needed by us all, the ONLY suggestion I can give that is guaranteed to work is to pay every vendor/creditor on time.......excluding your mortgage and in time, your credit score will be back up to 700-850. luck
2. Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-free.totalh.com