Challenging Financial Conditions May Make Getting a Mortgage Harder

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Tamkin, Tribune Content Agency Q: We are renting a property until we can purchase it. We’ve reduced the price by $20,000 but we still have no offers!  The property is currently listed as a short sale — and will go into foreclosure unless it is sold soon. If you’ve been paying your bills, including your mortgage payments, your credit score should be pretty good.

REAL ESTATE MATTERS: Difficult financial issues may stall ability to acquire new mortgage – News – Sarasota Herald-Tribune – Sarasota, FL

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