Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

FICO Impact and Recovery
 
The question is asked frequently regarding how much impact will a short sale, foreclosure, deed in lieu or bankruptcy have on my FICO score?  
 
I checked out the FICO Banking Analytics Blog and found some very interesting information.  FICO conducted a study of delinquencies regarding mortgages.  In their study they looked at three different consumer profiles.  All three profiles consisted of consumers who were paying as agreed on their mortgages. 
 
Consumers with a 680 score .
Consumers with a 720 score.
Consumers with a 780 score. 
 
The study then showed the impact on the credit score after each “phase” of delinquency.  For example:  
 
After the very first 30 day late on the consumers mortgage -
Consumer with a 680 score moved to 600-620
Consumer with a 720 score moved to 630-650
Consumer with a 780 score moved to 670-690
 
After the 90 day late on mortgage -
Consumer with an original 680 score moved to 600-620
Consumer with an original 720 score moved to 610-630
Consumer with an original 780 score moved to 650-670
 
Interesting huh?  I’m not finished.  Lets look at short sales, foreclosure and bankruptcy.
 
After completing a ... more

__________________________________________________
Are you on The Rain? Grow Your Network!