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Brenda Moore
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    Years of Experience: 9

    ABR - Accredited Buyer Representative
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    SFR - Short Sales, Foreclosures

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Office: 434-525-6561

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Real Living Cornerstone
123 W. Third St
Farmville, VA
434-525-6561

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Difference Between Chapter 7 and Chapter 13

Do you know the difference?

CHAPTER 7 - Liquidation of your assets.

CHAPTER 13 - An adjustment of your debts.  You  pay a small amount of debt back over time as arranged by the Court.

Damage of FICO Score:

Short Sale – Down 40-105 points

Foreclosure – Down 85-105 points

Bankruptcy – Down 130-150 points

Looking for a REALTOR you can trust with your real estate needs? 

Call Brenda Moore, Real Living Cornerstone
434-258-7670

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Posted on Monday, April 5th, 2010 at 7:34 am and is filed under Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Difference Between Chapter 7 and Chapter 13”

  1. Tweets that mention Difference Between Chapter 7 and Chapter 13 -- Topsy.com Tweets that mention Difference Between Chapter 7 and Chapter 13 -- Topsy.com says:
    April 5, 2010 at 8:37 am

    [...] This post was mentioned on Twitter by Inside Real Estate. Inside Real Estate said: Real Estate Update: Difference Between Chapter 7 and Chapter 13 http://ow.ly/16YZtL [...]

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