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Already have short sale on credit report, will additional foreclosure make it worse?
We completed a short sale in December of 2011. Of course, all the delinquent payments leading up to the short sale are on there too. We have another home now which we are 8 months delinquent in payments and foreclosure is imminent. However, we do have the ability to pay the loan current. Question is will paying it current matter now or should we just let it go given we already have the short sale and now 8 months delinquent payments.

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