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Mortgages and Loans Q&A

Q: We need to sell our house quickly because of a job relocation. We're being advised to "sell short." How does a short sale affect my credit?
A: A short sale means you're selling your home for less than what you still owe on the mortgage. If you fail to make any payments still owed, your credit score will suffer some damage.
Now that you know more about credit scores, sign up for TransUnion Credit Monitoring today and receive your credit report & score.
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