Short Sale Consequences for Seller | Home Guides | SF Gate – Although short-sales do not have the same effect as bankruptcy or foreclosure, they still represent negative credit performance that future lenders will take into account if the short-seller.
How a Foreclosure or Short Sale Affects Credit Score – If possible, to preserve your credit score, consider alternatives to a foreclosure, such as a short sale or deed-in-lieu of foreclosure. A short sale can have less of an impact Although possible, a short sale that has a minimal effect on your credit score is difficult to accomplish.
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Deed in Lieu of Foreclosure vs. Short Sale | AllLaw – Like a deed in lieu of foreclosure, a short sale is also a negotiated remedy. in lieu of foreclosure have less of a negative impact on credit score than foreclosure .
Can I Get My Short Sale to Not Affect My Credit Score? – Yes. There is no way to avoid the damage a short sale does to your credit score. A short sale can knock as much as 160 points off your credit score, but the level of damage heavily depends on your credit standing before the short sale and how much your lender gets in the sale, among other things.
House short sale: Effect on credit rating? | Yahoo Answers – House short sale: Effect on credit rating? I’ve heard from a realtor that the short sale of a house will cause 60-80 points of damage to one’s credit rating. Later, that same realtor told me she was wrong and that the actual damage would be 1-2 points.
Home Buying: How Long Does A Short Sale Effect Your Credit Report. – How Long Does A Short Sale Effect Your Credit Report? Find answers to this and many other questions on Trulia Voices, a community for you to find and share.
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How Much Will A Foreclosure Or Short Sale Hurt My Credit Score? – A foreclosure and a short sale have similar negative hits on your credit score. A foreclosure is generally worse because you are not working with your bank whom you owe money to settle your debts.. How Much Will A Foreclosure Hurt My Credit Score?. the effect will be more severe and the.
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How does a short sale effect credit – short sale vs foreclosure – How does a short sale effect Credit – short sale vs foreclosure. among the Mortgage lenders and loan brokers that a short sale is just as damaging as a foreclosure to a persons credit. FICO reports a short sale will drop your credit score just as much as a foreclosure.