Short Sale on Credit

Credit Impact by Short Sale. Not so bad comparing to foreclosure. The credit hit is mainly by 30, 60, 90, or even 120 days late on the mortgage. Short sale actually ends the credit hit and starts the credit recovery afterwards. In this example, this client did a short sale on one home with 2 loans, settled on two 2nd loans on two other homes, and actively pursuing short sale on these two homes with the 1st lenders. Credit starts improving fast after settlement. Full recovery is expected in about 2 years.

Get your FREE Consultation on Short Sale and Loan Modification and FREE Short Sale Service by calling 310-562-0310 or click here


The above information was gathered by our research and work experience as real estate agents working on distressed properties. Please note we are not attorneys or accountants and we do not provide legal or tax advises. Please consult your own attorney and accountant for legal and tax advises.

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