Question:
What impact does a short sale have on FICO® Scores? How about a foreclosure?
Answer:
Take a look at the link below. It is the FICO site with a chart that shows the impact on the score for each stage of delinquency. The second chart shows how long it takes the score to fully “recover” after the fact.
http://bankinganalyticsblog.fico.com/2011/03/research-looks-at-how-mortgage-delinquencies-affect-scores.html
Thanks to Julia Iden for providing this information.
