I began the short sale process with my house a few months ago, and am waiting for an offer to hopefully come through. In the meantime, I am still paying my monthly mortgage payment. Eventually, I will no longer be able to afford it, so when the time comes I would obviously be concerned about how the non-payments would affect my credit. Is there a certain formula to use? Example – x payments late vs. $x monthly payment = possible affected credit score? If I do stop payment, I am hoping that it will be only for a few months. Thank you for the advice!
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