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How will a Short Sale impact my credit score compared to the impact of a foreclosure?

April 26, 2017Credit score foreclosure impact sale short

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How will a Short Sale impact my credit score compared to the impact of a foreclosure?

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A Short Sale generally limits credit score impact to score reduction(s) related to the missed mortgage payments. There is no foreclosure and none of the impact associated with a foreclosure. In fact, with diligent care, many Short Sale sellers can qualify to buy a home again in as few as two years.