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Short Selling vs. Foreclosure: Understanding the Impact on Your Credit Score

Posted by Anthony Senerchia Jr. | Jun 07, 2023 | 0 Comments

Financial difficulties can sometimes lead homeowners to consider options like short selling or foreclosure. While both of these methods involve selling a home for less than what is owed on the mortgage, they have different implications, especially when it comes to your credit score. In this blog post, we will explore the differences between short selling and foreclosure and how each can impact your credit score.

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Senerchia & Senerchia PC, located in Cranston, Rhode Island, is a family-run and owned Law Firm with more than 30 years of experience. We take pride in treating our clients as part of our extended family, and as lifelong residents of our area, we truly understand our clients' unique needs. Our services are designed to address the legal needs of individuals, families, and small businesses with a focus on personalized, client-centered assistance. We focus on Real Estate Law, Estate Planning, Probate, Trusts, and Wills, Business Law, and Kids Protection Planning. We have dedicated our careers to fighting for the rights of people in Rhode Island, Massachusetts, Connecticut, and New Hampshire.

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