Posted on: 04th May, 2009 05:14 am
I want to know that if I put my house in short sale, but I stop making a payment, how its going affect my credit score? can your guy give me more information please?
Hi Lpha,
You will be able to apply for a short sale if you are delinquent on your payments. The lender will judge your financial situation and decide whether he would accept your request or not. If you go for a short sale, your credit score will go down by 75-100 points.
Thanks
You will be able to apply for a short sale if you are delinquent on your payments. The lender will judge your financial situation and decide whether he would accept your request or not. If you go for a short sale, your credit score will go down by 75-100 points.
Thanks