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Credit Score in 73173 : Real Estate Advice

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Wed Oct 30, 2013
Jace Thoreson answered:
A short sale does affect your credit score negatively, but it only bruises it versus ruining it like a foreclosure. If everything else is paid and kept up to date it is very easy for someone to purchase a home within the next 2 years. As a Real Estate Professional, Short Sales are very time consuming and can be tricky, you have to deal with lenders wanting it done for free, the owner leaving out information because they do not know that it is important, buyers getting frustrated because they do not understand the process and the time that it's taking, and if you are not familiar with the paperwork you can end up doing circles for a very long time. I hope I gave you the information you were looking for plus some additional insight. ... more
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