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Question
How much will my credit score drop with a short sale?
Answer
61 Points*
* My FICO score before my short sale was 712. I had a first mortgage with Chase and second mortgage with GMAC. The key for me, I remained current the first and second mortgage. After the short sale, my FICO score dropped 61 points to 651.
Every persons FICO is not the same, so your FICO score will depend on your credit history.
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