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what is the difference between short sale and short sale no payment?

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Lpha Joined: 04 May 2009 Posts: 1 1.00 Dollars($)	Posted: Mon May 04, 2009 5:14 am    Post subject: what is the difference between short sale and short sale no Like 0 Dislike 0 I want to know that if I put my house in short sale, but I stop making a payment, how its going affect my credit score? can your guy give me more information please?
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Mon May 04, 2009 10:16 pm    Post subject: Like 0 Dislike 0 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

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