Posted on: 26th Oct, 2010 01:04 pm
Hello,
Does the credit hit last longer on a short sale versus a foreclosure?
Does the credit hit last longer on a short sale versus a foreclosure?
Hi boblee,
A short sale will lower your credit score by 75-100 points whereas a foreclosure will lower your scores by 250 points. However, both are negative items and will remain on your credit report for the next 7 years.
Thanks,
Jerry
A short sale will lower your credit score by 75-100 points whereas a foreclosure will lower your scores by 250 points. However, both are negative items and will remain on your credit report for the next 7 years.
Thanks,
Jerry