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Regarding credit: Which is worse, a foreclosure or short sale?

April 26, 2017credit foreclosure sale short worse

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Regarding credit: Which is worse, a foreclosure or short sale?

1 Answer

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Please consult your own financial advisor or the credit bureaus directly for the answer to this question. From experience only, we can say that foreclosure is much more damaging to your credit. A short sale will most commonly be listed as settled debt and is less harmful to your credit.