Posted on: 30th Mar, 2010 11:39 am
owe 186,000 home would sell for 170,000
Hi greg,
A short sale will reduce your credit score by around 80-100 points. Moreover, you won't be able to qualify for a loan in the next 2-3 years after your short sale is complete. Within this time period, you should take steps to improve your credit score. You can check out the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Once your score improves, you would be able to get a home loan.
A short sale will reduce your credit score by around 80-100 points. Moreover, you won't be able to qualify for a loan in the next 2-3 years after your short sale is complete. Within this time period, you should take steps to improve your credit score. You can check out the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Once your score improves, you would be able to get a home loan.