There is no specific category on the credit report for short sales, as there is for foreclosures. In addition to reporting any late payments, a short sale will appear as “paid as agreed,” “settled for less than amount owed,” or “settled.” This can lower the score as little as 50 points if all other debt obligations are paid on time. Due to the unique credit history of each individual and the varying factors of debt to credit limit, it is impossible to give an exact number of points a short sale will affect a person’s credit. However, on average it is between 50-150 points.

In contrast, a foreclosure will affect the credit score at least 250 point. It is much easier to bounce back to strong credit scores from a short sale than a foreclosure.

For more information on selling your home by Short Sale please call Mike Sikorski at (941) 206-6000 or you can email him at