Re: Credit Damage

Posted by jeff on May 03, 2008 at 17:28:51:

In Reply to: Credit Damage posted by Chris B on April 23, 2008 at 23:12:11:

the foreclosure will stay on your credit for 4 years, and have a credit score reduction between 200-240 points. A short sale has a reduction of your FICO of about 100-140 points. So the foreclosure has a longer and more damaging effect.

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