How does a short sale affect the sellers credit/ ability to qualify for another loan?
Also do not forget this affecting your entire credit. So buying a car, getting a credit card, getting even a debit card, etc will all suffer. If you move, electric companies, cable, etc all do credit checks to determine if they want deposits from you. You might also have a hard time renting an apartment, I have seen that happen too. Some jobs look at your credit and take that into account. And if your job prospect is in any way related to money, you may not get hired. A short sale affects more than just your ability to get a new house. For example most car dealers are looking for a 760 up FICO for a good interest rate. Just keep in mind all your purchasing.
