Many of my clients have questions about the potential impact of a short sale on credit reports. Many also wonder which one is less damaging, a short sale or foreclosure.
From a credit rating standpoint, they both have about the same negative impact. In fact, any designation other than “Paid as Agreed” or “Current”, is going to hurt the scores.
This article has more details and answers other questions about foreclosure and credit. Click here to read more.
Content courtesy of:
Complete Credit Services LLC
120 S. Houghton, 138-195
Tucson, AZ 85748