Advantages of a Short Sale Vs. Foreclosure 1-866-60-MODIFY

Will A Loan Short Sale Affect My Credit? A short sale minimizes the damage to your credit that would be caused be a foreclosure. Typically, borrowers see a 50-100 point reduction in their FICO score following a short sale. This, however, is significantly less than a foreclosure which typically results in a judgment and remains on your credit for 10 years and a FICO score reduction of over 300 points.

Category:

Education

Tags:

• Short Sale
• Foreclosure
• Deed in Lieu of
• Loss Mitigation
• Avoid foreclosure
• Loan Modification

[burnsandrewj11]

do you have the data to back this?