{"id":12786,"date":"2014-09-19T14:30:01","date_gmt":"2014-09-19T18:30:01","guid":{"rendered":"https:\/\/orlandorealtyconsultants.com\/?p=12786"},"modified":"2022-05-10T17:22:47","modified_gmt":"2022-05-10T17:22:47","slug":"will-short-sale-affect-credit","status":"publish","type":"post","link":"https:\/\/orlandorealtyconsultants.com\/es\/will-short-sale-affect-credit\/","title":{"rendered":"How Will A Short Sale Affect Your Credit?"},"content":{"rendered":"
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How Will A Short Sale affect Your Credit?<\/a><\/h1>\n\n\n\n

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Over the years I’ve gotten this question more time than I can remember. “How will a short sale will affect my credit?”<\/a><\/span><\/p>\n\n\n\n

A short sale can have a lot less of an effect on your credit score than a foreclosure. But, it must be done correctly.<\/span><\/p>\n\n\n\n

Short sales can happen if a lender agrees to accept less than the amount owed against the home because there is not enough equity in it to pay all costs of the sale.<\/span><\/p>\n\n\n\n

It’s important to note that not all lenders will agree to a short sale.<\/span><\/p>\n\n\n\n

If your request is approved, your agent should ask your lender to report the short sale as “paid in full,” as part of the negotiation.<\/span><\/p>\n\n\n\n

There have been reports that a short sale has about the same impact on your credit score as a foreclosure. However, from experience with our own clients, that’s never been the case.<\/span><\/p>\n\n\n\n

Most of the time, sellers that have completed a short sale report that their credit score only dropped by 100 points or so, which can be easily fixed by any decent credit repair company.<\/span><\/p>\n\n\n\n

The biggest advantage of a short sale, as opposed to a foreclosure, is that you will be able to qualify to buy another home within two years as opposed to five to seven years after a foreclosure.<\/span><\/p>\n\n\n\n

I hope this video was helpful, If you still have questions, feel free to contact us at 407-902-7750 or visit us at https:\/\/orlandorealtyconsultants.com\/short-sales\/<\/a><\/span><\/p>","protected":false},"excerpt":{"rendered":"

How Will A Short Sale affect Your Credit? Over the years I’ve gotten this question more time than I can remember. “How will a short sale will affect my credit?” A short sale can have a lot less of an effect on your credit score than a foreclosure. But, it must be done correctly. Short […]<\/p>\n","protected":false},"author":4,"featured_media":22189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[7,54,4,17,225],"tags":[932,933,900,832,934,233,72,57],"class_list":["post-12786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-mortgage-companies","category-news-and-information","category-orlando-short-sales-2","category-orlando-realtor-videos","tag-credit-score-after-short-sale","tag-free-short-sale-service","tag-orlando-short-sale-agents","tag-orlando-short-sale-help","tag-short-sale-credit","tag-short-sale-negotiations","tag-short-sale-negotiator","tag-top-orlando-realtors"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t