Legal Question in Real Estate Law in Wisconsin

Selling a home at a loss does not hurt your credit rating unless you owe more than it's worth and you want to do a short sale. While it will still hurt your credit, a short sale is less devastating to your credit than a foreclosure. Pay the entire loan off as promised if you do not want any harm to your credit, but hire a lawyer who is familiar with foreclosure defense and short sales if you cannot pay it. There are no magic solutions, however, other than paying the loan in full if you want to maintain perfect credit.

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