what happens to your credit if do a property short-sale?

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what happens to your credit if do a property short-sale?

2007-04-29 08:02:54 · 1 answers · asked by hockeynrfi 2 in Business & Finance ➔ Credit

1 answers

Your credit score will depreciate considerably. Even though a lender agreement is required to do a short sale, the fact that you were not able to and did not pay the full amounts due to the lender on a timely basis WILL appear on your credit report in the future.

2007-05-02 14:41:05 · answer #1 · answered by acermill 7 · 0⤊ 0⤋