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Posted in Mortgage
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GranMomMom

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Short Sale-shows bad credit on my report
It's been 3 years that this "delinquency" has appeared on my credit score.
How long will it take to have this "disappear?"

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Top Contributor
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The short sale itself is not really the issue on your report. It's the delinquent payments that lead up to the short sale. Any late payment over 30 days stays on your report for 7 years. A Foreclosure would be on it for 10 years.

When you negotiated your short sale you could have asked the lender to report the loan as paid in full. 

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