The Importance of Credit & Credit Scores to the Real Estate Transaction

Among the many topics, this class will include:

-How credit and credit scores can make or break a sale.

-The Fico score - used by banks to access the risk of mortgage applicants.

-What is derogatory information and how does it affect credit scores.

-Credit and the law. The Fair Credit Reporting Act.

-Length of time information stays on reports.

-The different types of Inquiries.

Soft inquiries

Hard inquiries

-Biggest mistakes people make in managing their credit

-Educating your buyers on credit.

Tracy Becker is the President of North Shore Advisory, Inc.

North Shore is a 20 year old Credit Restoration / Education Company.

Tracy has in depth knowledge of the credit scoring systems, how to build healthy credit, and the details of what diminishes credit scores.

By working with hundreds of Mortgage Professionals and studying tens of thousands of credit reports she has become a highly respected expert in her field.

She has been interviewed on national news television and radio shows as well as quoted in popular newspapers and online finance websites. Tracy recently published an article in American Banker and is now publishing her second book "Credit Score Power".

She gives 50-60 seminars annually educating Real Estate Professionals, Mortgage Bankers, Finance Experts, and CPA's.

After continuous requests from CPA's Tracy created another company, Elite Credit Services (ECS). ECS is a credit monitoring organization made up of expert analysts who watch clients' individual credit and scores daily. ECS is a concierge service tailored to the unique needs of each client, designed to assist high net worth individuals who understand the value of protecting their credit but who do not have the time or expertise to study changes in their scores.

She can be reached at: (914) 524-8300 or tracy@northshoreadvisory.com