Credit Score after short sale..

I just received an update from another client who we just closed a short sale for this month and her credit was hit for only 80 points!

We are seeing hits on credit anywhere from 0 points to about 100 points after a short sale. A lot depends on how many late payments there are, how quickly the bank reports it (if at all), and what bank it is.

Although some “credit experts” say a short sale affects your score the same as a foreclosure then why are all my case studies showing foreclosures well over 150-250 credit point hits and short sales less than 100??? I’m going to have to go with what I see out there and this just makes more of a case as to why a short sale is MUCH better than a foreclosure!

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1. Effect of short sale or foreclosure on credit score
2. Short Sales Help your credit score?
3. Credit repair after a short sale or foreclosure
4. FHA Credit score requirements increasing!!
5. Credit Repair Strategies from a Credit Repair Professional