What Effect Does Short Sale Have On Your Credit ?
Chances are, you or someone you know, may be considering a Short Sale on their home. One of the questions that is often asked -- What Effect Does Short Sale Have On My Credit?
There are usually two options that remain if you are having difficulty making your mortgage payments: Short Sale or Foreclosure. There is no guarantee on how much a Short Sale will affect a person's credit. However, it may be that a Short Sale will lower the credit score as little as 50 points if other payments due are being made. The Short Sale effect on credit may be as little as 12 to 18 months. Whereas, with a foreclosure, the credit score may be lowered anywhere from 250 to 300 points and last 3 years or more.
Click here to compare Short Sale vs Foreclosure.
Feel free to contact a Short Sale Agent Specialist if you have any questions or are thinking of a Short Sale on your property. If the home is not located in the Los Angeles & surrounding areas, I may still be able to assist you.
Areas Served:
Agoura Hills, Arleta, Beverly Hills, Box Canyon, Burbank, Calabasas, , Canoga park, Canyon Country, Castaic, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lakeview Terrace, Mission Hills, Newhall, North Hills, North Hollywood, Northridge, Pacoima, Panorama City, Pasadena, Porter Ranch, Reseda, San Fernando, Santa Clarita, Saugus, Sepulveda, Sherman Oaks, South Pasadena, Stevenson Ranch, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Topanga, Universal City, Valencia, Valley Glen, Valley Village, Van Nuys, West Hills, West Hollywood, West Los Angeles, Westlake Village, Woodland Hills, Winnetka
Bell Canyon, Camarillo, Moorpark, Newbury Park, Oak Park, Oxnard, Simi Valley, Thousand Oaks, Ventura, Westlake Village
IF YOU DO NOT SEE YOUR AREA HERE, PLEASE CONTACT ME. THANK YOU
*It is advised that you consult with an attorney for any legal advice & a tax professional for tax advice.
Comments(1)