Southwest Florida Title Insurance & Real Estate Blog -

If you’ve been keeping up with the “12 Things You Should Know to Survive a Short Sale…”

Then you’re probably wondering exactly how does a short sale affect your credit?

As you probably know, there are numerous things that will affect your credit.

Short sales will affect it as well, and it seemingly affects everyone slightly differently.

I know that the decision to make short sales is dependent on many factors, and it might be in your best interest to go ahead and decide to do it.

There is one thing that you can count on, and that is that your credit score will go down.

I’ve seen reports where your credit could be lowered by around 100 points.

This, sadly, is on the low end of the spectrum.

For the greater majority it seems that the most common range for your credit score to drop is by 200-300 points.

While this is a big hit to your credit, it seems that a short sale is almost always a smaller hit to your credit than a foreclosure.

You can always build your credit back up, and it might take some time.

If you have any real estate or short sales questions – please don’t hesitate to contact us, or call us at (239) 985-4142. We service all of Southwest Florida including: Fort Myers Estero, Bonita Springs, Naples, Cape Coral, Pine Island, Punta Gorda, and Port Charlotte.


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NOT LEGAL ADVICE: This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.