Foreclosure / Short Sale and Credit Score

Here is an excellent article from CNN Money.com that provides some insight of the effect a short sale or foreclosure has on your credit score.



http://money.cnn.com/2010/04/22/real_estate/foreclosure_credit_score/index.htm



If at all possible, a seller should try to avoid a short sale and, of course, a foreclosure. Either will greatly impact your ability to buy a home in the future.