How does Credit Report Look after a Short Sale?

I had a client ask me how his credit report would differ if the bank accepted a short sale as payment in full or if they went after a deficiency judgement. If they go after a deficiency judgement does the balance just show as a outstanding loan?

Has anyone come across this?

Thanks for the help!

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Permalink Reply by Susan B McCarter on January 22, 2012 at 10:13am

Thank you Patti for taking the time to share.

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