I have heard it takes anywhere form 2-7 years to come off credit report.
I have heard it takes 100-250 points off your credit score.
Anybody have real numbers? Been there, experienced it?
and while we are at it, same question for short sale?
can’t tell you what it does to your credit.
can tell you that forgiven debt is considered income.
short sale or abandonment will usually result in forgiven debt income.