Tucson Real Estate

terra antigua realty logoHighly Experienced and Highly Educated Professional Short Sale Real Estate Agents serving Tucson, Oro Valley, Marana, Vail, Sahuarita and Green Valley.

 

ARE YOU UPSIDE DOWN?

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Free - No Obligation - Automated Valuation of You Home Now!
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Pre Foreclosure Specialist Certification
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Chris Pendleton

and

Shannan Marty

Associate Broker - Realtor®, ABR®,CDPE, CSP, CNE, CSSN, SFR, a-REO, PSC

 

Will a Short sale affect my credit?

Your credit will suffer, but usually not as severely as after a foreclosure.  Often, the worst damage results from the late payments that precede a short sale.  These entries remain on a credit report for seven years, but eventually recede in importance; loan underwriters are usually most interested in recent activity.  By contrast, foreclosure remains as a current entry via source codes for seven years.  This subtle distinction can make a huge difference.

Click HERE to view an article on 'Will a Short Sale Save Your Credit'