What possible credit issues might I have with a San Diego short sale?
There is no clear way to assess what impact a short sale will have on your credit. If anyone tells you otherwise, they are wrong. Credit reporting cannot be generalized. FICO scores are a mathematical assessment of your credit performance over time as well as a snapshot of your credit use on that date. No one person would have the same snapshot, so each element of a short sale will have a different impact. The mathematical applications used by Fair Isaac to create the FICO score are not published material. Each late payment would have a negative impact. Each short sale would have a negative impact. Not every lender reports every negative. We work with credit specialists who assist our clients in clearing up credit issues after the fact.
