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creditsoaring2007 wrote:
I did a short sale in 2000. I got approval from my mortgage company. They issued me an unsecured loan in the amount of the difference and gave me 30 years to pay it off. It shows up on my credit report as an installment account and the original mortgage shows paid off. I bought another house the following month. It did not have a negative effect on my credit at all.
myhearts07 wrote:
Tusc,Would that be as bad as a BK? or somewhere in the middle?