How do Short Sales affect your credit rating and your ability to purchase another home that you CAN afford?

well i will settle the difference it will hurt and hurt bad -- so i would not be looking to buying for a while!!!

How do Short Sales affect your credit rating and your ability to purchase another home that you CAN afford?
Hey Bird House, think you might like to know about this website, you can address any concerns there.





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Reply:A short sale is going to ding your credit rating nearly as badly, if not as badly, as going through a foreclosure will.





When you do a short sale with lender agreement (of course), you have shown an inability or refusal to honor the financial obligation to which you agreed when you took out a mortgage.





Expect a short sale to make it tough to get another house for three to five years.
Reply:No, not at all, unless, I suppose, you lose or gain so much money that your overall financial situiation is affected.

tanning