Can I Buy Another Louisville KY Home?
Remember that while a Short Sale is less damaging to your credit history than a foreclosure, it still will impact your credit rating.
Lenders have been known to negotiate how they will report the Short Sale.
There is a possibility that the reporting of the Short Sale and how it appears could be negotiated to alleviate the negative impact on your credit history. While this is rare, some lenders have agreed to report the debt as paid-in-full. It's worth asking your lender if it will do the same thing.
Click on any of the links below to learn more about credit impact. By clicking on the links below you will be redirected to websites not affiliated with Red Edge.
About.com: will a Short Sale ruin my credit?