Orange County Real Estate News - Blog
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How will a Short Sale Affect My Credit?
What a great question! If you have been thinking this, you are not alone.
A good thing about short sale is that it represents the opportunity to lift the heavy burden of carrying an overpriced home off of your shoulders and a chance to start fresh. But the one thing shorts sale sellers want to know is – “coming out of this short sale, what will my credit look like?”
So here is the scoop. I want to tell you that no 2 short sales are the same. What I mean by this is that there are variables that change the effect each and every short sale has on your credit.
1. Are you going to be making your payments? Late payments make your score go down.
The Short Sale Authority – FAQ’s
In the last 3 years, short sales have become the predominant type of sale in Orange County, CA. It is estimated that over 60% of all home sales are short sales. As an independent agent, they make up the majority of our work. We specialize in short sales and handle each and every shorts sale in house with diligent care. This is unlike “short sale mills”. Your case is handled and orchestrated by a highly skilled agent with tramendous experience in short sale transactions. We will attempt to answer some of your most common questions. After reading this document, please see our additional materials under the
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