The effects of short sale foreclosure on credit scores depend on the seller. Most homeowners report a drop of 50 to 130 points in their FICO scores after a short sale foreclosure. However, the positive point about property short sale is that lenders report it differently. Some lenders will report it as "paid as agreed" and others might report it as "paid less than agreed." Some lenders might not even report it. Basically, your credit will not be that negatively affected by short sale as it will be by foreclosure.
0 Response to " "
Post a Comment