Will My Husband's Short Sale Affect Me Getting a Loan?

Answer A short sale is the sale of a home for less than its market value. It is a popular strategy for a homeowner seeking to avoid the damage caused by a foreclosure. The damage a short sale causes to a ... Read More »

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How to Get a Loan After a Short Sale?

You may have had a short sale but that doesn't mean you can't get a new home 2 years later.

How will a short sale affect your credit?

A short sale allows a homeowner who can no longer afford his home to sell it and avoid foreclosure. Whether he sells in a short sale or the bank forecloses, the homeowner's credit report is impacte... Read More »

How much does a short sale affect credit?

If your home is worth less than the amount of your mortgage and you cannot continue making the payments, you may request that your lender approve a short sale. A short sale, however, can damage you... Read More »

Does a short sale affect credit?

The effects of a short sale on credit depend on how a lender reports the information to the bureaus. Lenders can report the short sale as a debt settlement, which lowers credit ratings. On the othe... Read More »