Legal Question in Credit and Debt Law in New York

short sale

how will a shortsale affect my credit and will i be able to get a mortgage in a year from now should i decide to buy a new cheaper home?


Asked on 7/15/09, 9:02 am

1 Answer from Attorneys
Frank Loscalzo Law Office of Frank Loscalzo

Re: short sale

A shortsale will be viewed much the same as a foreclosure. Its very hard to get a mortgage these days, so your debt to income ratio and down-payment will be crucial to getting a mortgage in the future.

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Answered on 7/15/09, 9:23 am


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