There is a lot of Question about the difference between and Short Sale and Foreclosure and ultimately which is more impactful on Your Credit Score. The Truth is, it really depends, but it’s not that complicated. You can learn all the secrets in this quick video.
Just don’t forget there are two things to consider here:
#1 – Your Credit Score
#2 – Your Credit Profile
They are different and affect the way You can use Your Credit in different ways. Of course, You will ideally have a great Credit Score and a terrific Credit Profile, but in times of potential sacrifice (i.e. Short Sale or Foreclosure) You don’t necessarily have to give up on both. There are ways to protect Your Credit Score and ways to improve and protect Your Credit Profile as well.
Happy to help with any questions on this, just email me directly below.