Short Sale and Personal Credit

Credit and mortgage advice Forums Consumer Credit Improve credit Short Sale and Personal Credit

This topic contains 0 replies, has 1 voice, and was last updated by  davefollmer 7 years, 4 months ago.



  • Author
    Posts
  • #253411

    davefollmer
    Participant

    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!



You must be logged in to reply to this topic.

Register New Account
Reset Password