Most people know that being in foreclosure means that their credit is ruined but they do not know what real estate short sales can do to their credit. Most people are afraid that it is going to the same thing to their credit as foreclosure does but they are not sure. They often ask questions about credit and short sale.
The good news is that short sale does not do anything tot he credit. It is the foreclosure that is still doing the bad ting to the person’s credit. If you do a short sale soon enough to totally avoid foreclosure then your credit will be fine.
Alternatively if you do a shorts sale too late, your credit is already been thrashed.
