According to the FICO Banking Analytics Blog there is no
difference in how a short sale and foreclosure affects a consumer’s credit. This
may be true in theory, but the reality is that no two borrowers’ situations are
exactly alike, and that short sales consistently have a lesser impact on credit
scores than foreclosure.
We’ve put together a free report that compares short vs.
foreclosure so homeowners can make an educated decision about how to proceed
when faced with this challenging situation. It can be downloaded at the
If someone you know is thinking about just walking away from
an unaffordable mortgage, have them give us a call. We can navigate them through
a process to avoid foreclosure and provide for a more stable financial and
Call or email us today! 813-319-6236
The Ward Team