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how will a short sale affect my credit as far as buying another home

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greg5 Joined: 30 Mar 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Mar 30, 2010 11:39 am    Post subject: how will a short sale affect my credit as far as buying anot Like 0 Dislike 0 owe 186,000 home would sell for 170,000
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Tue Mar 30, 2010 11:18 pm    Post subject: Like 0 Dislike 0 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. _________________ Procrastination is the enemy of your financial success

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