What Will a Short Sale Do to Your Credit Score? - 08/19/11 12:45 PM
 
What Effect Does a Short Sale have on my Credit?
 
Every short sale seller wants to know the answer to this question.  Naturally, there is no straight forward answer, but hopefully I can shed some light on the topic.  Without a doubt, the impact of a short sale on an individual’s overall credit is less severe than a foreclosure.  With a foreclosure, a potential homeowner must wait 5 years to get a conventional mortgage.  With a short sale, the waiting period is only two years.  For FHA financing, an individual must wait three years to get mortgage financing after … (68 comments)

 
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Robert Rauf

Toms River, NJ

More about me…

REMN - Real Estate Mortgage Network (NJ)

Address: 16 Madison Ave, Building 2 Suite 2D, Toms River, NJ , 08753

Office Phone: (732) 557-6920 x 102

Cell Phone: (732) 740-0175

Email Me

The mortgage market is ever changing, do not be afraid to ask what is new!


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