Real Estate In Review- San Fernando Valley

Real Estate In Review- San Fernando Valleythis week featuring Kristi Dietz from Re/max OTB Estates and Eric West from Countrywide Home Loans An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction.What are scoring categories and FICA?Scoring categoriesThe scale runs from 300 to 850. The vast majority of people will have scores between 600 and 800. A score of 720 or higher will get you the most favorable interest rates on a mortgage, according to data from Fair Isaac Corp., a California-based company that developed the credit score. (Its own score is called the FICO score.)Fair Isaac reports that the American public's credit scores break out along these lines:Credit score Percentage499 and below 1 percent500-549 5 percent550-599 7 percent600-649 11 percent650-699 16 percent700-749 20 percent749-799 29 percent800 and above 11 percentFICA Score Ranges and Grade * 750 and above Excellent A++ * 680 to 750 Very Good A+ * 620 to 680 Good A * 580 to 680 Above Satisfactory B * 550 to 580 Satisfactory B- * 480 to 550 Below Satisfactory C

Technorati: countrywide dietz eric estate estates fernando fica home kristi loans otb re/max real reo review san valley west