Daniel RosenCredit Repair Business Mentor | Insights from 250+ Podcasts

💡 Short Sale Facts You NEED to Know!

30 Jan 2025 · 1 min

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Short-form YouTube video by Daniel Rosen (uploaded Jan 30, 2025) explaining what a short sale is and how it affects credit scores. Rosen defines a short sale as selling a home for less than is owed, states short sales can lower credit scores by roughly 50–200 points, and gives examples: ~100-point drops for “good” scores and up to ~160 points for “excellent” scores. He advises getting short sales cleared from credit reports.

Questions this video answers

January 30, 2025.

Anywhere from 50 to 200 points.

About 100 points.

As much as 160 points.

Selling a home for less than you owe on it.

Chapters

Short sales can really tank your credit score. Well, a short sale is when someone sells their home for less than they owe on it. It's really stressful and they can drop your credit score anywhere from 50 to 200 points. Ouch. The impact of a short sale depends on what your credit was like before the sale closed. The higher your credit score was, the further it will fall. For example, if you had a good credit score, a short sale could drop it 100 points. But if had an excellent credit score, a short sale could drop it as much as 160 points. Can you believe that? So if you have a short sale on your credit report, it is important to get it cleared.