Will a Short Sale Ruin My Credit - In a Word YES

I came across this excellent article by one of my favorite bloggers- Elizabeth Weintraub, on About.com. This is a really important and potentially dangerous type of transaction for Realtors. If you want to be up to date follow the link and tread carefully it is dangerous out there nowdays!

Our area is seeing foreclosures slowly creep up but our market is still very solid here in Storm Lake and Alta Iowa.