Short Sales May Cause FICO Scores To Drop

I have written several posts about short sales and the benefits of short selling versus a foreclosure.  An article in the Miami Herald last month stated that a short sale can cause a person’s FICO score to drop by 150 points or more, thereby making it difficult for the seller to borrow in the future.  This is true, but the hit of a foreclosure is even higher.

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Jennifer Wollmann

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