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short sale: Will a Short Sale Damage Your Credit Less Than a Foreclosure? - 11/28/07 12:21 AM
As real estate values continue to sag, pushing many home owners toward foreclosure, one question surfaces more than any other. Will a short-sale damage your credit less than a foreclosure?
REWIND
I wrote a couple of articles awhile back entitled, Short Sales vs. Foreclosures…Your Credit Will Suck Either Way and Short Sales and Loan Prospector: A Response From Freddie Mac. At the time–nearly a year ago–my preliminary investigation suggested that short sales and foreclosures would have exactly the same effect on credit. But back then, this issue was just reclaiming the spotlight, and no one had really given it much thought. … (1 comments)

 

Marc Brinitzer

Sacramento, CA

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Big Valley Mortgage

Office Phone: (916) 791-3760 x 340

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