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Updated almost 16 years ago on . Most recent reply

User Stats

93
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32
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Randal McLeaird
  • San Antonio, TX
32
Votes |
93
Posts

Credit Score drop Compared to Foreclosure

Randal McLeaird
  • San Antonio, TX
Posted

Hi All -

I just had a home owner tell me he did some research on short sales and he found that his credit score can/will drop 150 points...

I'm hoping someone on here can tell me what experience they've had with any owners they've worked with in the past and if anyone knows the approximate drop in credit score when doing a short sale compared to letting it get foreclosed.

I need some ammo going into the conversation.

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