The Effects of a Foreclosure or a Short Sale on a Credit Score?

Answer A short sale is almost always the best alternative if you are facing foreclosure on a mortgage. A short sale has a much less significant impact on your credit score than a foreclosure or a deed-in-... Read More »

Top Q&A For: The Effects of a Foreclosure or a Short Sale on...

Short Sale Effects on Your Credit Score?

Homeowners facing foreclosure may wonder if a short sale is a viable option for them. After all, a foreclosure and a short sale both involve giving up your home. Still, a short sale is very diffe... Read More »

Does a short sale affect credit score?

A short sale can reduce your credit score by 75 to 100 points, which is far less than the 250-point drop that occurs when a home goes into foreclosure.Source:Short Sell Information

How to Do a Short Sale if You Are in Foreclosure?

If you have received a notice from the bank that they are about to foreclose on you you still have an option that will allow you to save your credit from having a foreclosure listed on it. The answ... Read More »

Is a short sale a foreclosure?

A short sale is not a foreclosure. It is often used when a home is in pre-foreclosure to help the seller avoid foreclosure proceedings. In a short-sale, the property owner usually takes a deal for ... Read More »