Short Sale (how many points)

[Anonymous]

Hello,

I'm about to sell my investment home as a short sale. There is a 2nd mortgage tied to it. I have never been late on either loans. They have agreed to post as "paid as agreed" on my credit report. Does anymody know how many points I will get hit with?

usaims

[Anonymous]

If they post it as "paid as agreed" you won't have any hit.

These normally post a "settled" and are equivalent of a major derog- 50 to 150 points

[Anonymous]

They called back, it's going to be posted as:

 Account paid in full for less than full balance