The terms ‘short sale’ and ‘foreclosure’ are heard daily now and it seems almost everyone has an opinion on them. Short sales are the popular and often touted “smart” thing to do if you find yourself in a property you can no longer afford or can’t sell for more than what you purchased it. Many believe that short sales will in fact save their credit scores.
Sunday’s Post and Courier has a great article demystifying the effects of short sales on credit scores. Check out the article here.