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[ Join discussion ] Author: Jessica Bennet Community Mentor Ask Jessica

Short Sale Affects Credit Score - how many points do you lose?

Author	Message
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Post subject: Hi john, As you're a co-signer, a short sale/quick sale will lower your credit score by around 80-100 points. Apart from that, the lender may come after you in order to recover the deficient balance resulting from the property sale. Also, it will remain in your credit report for the next 7 years. Thanks

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