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What is the effect on your credit score when you sell short on your mortgage?

Posted by on Friday, July 30, 2010 · 1 Comment 



An Anonymous User asked:




I have heard your credit score drops 200 points, is that true?

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Comments

One Response to “What is the effect on your credit score when you sell short on your mortgage?”
  1. Craig says:
    July 30, 2010 at 9:45 am

    Yes your score will drop but not 200 points for a short sale. Your credit score will drop at least 50 points and up to 100 points for a short sale. Your score will drop at least 100 points and up to 200 points for a foreclosure.

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