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Continue Return to GMAC MortgageA short sale will affect your credit. But since a short sale generally takes less time to complete than a foreclosure, the time for reported delinquency can be shorter. And by successfully selling your home through a short sale, your loan will be reported to the credit agencies as "paid for less than full balance".
Learn more about the importance of good credit
If you disagree with the listing price or valuation for your home, you or your agent will need to send us:
Ask your agent to send documentation that helps support your claim directly to our Equator upload system or email them to your Short Sale Associate.
We'll review your dispute and respond with a decision within 5 to 10 business days.
Your agent will use our secure upload website from Equator Financial Solutions to upload your documents. Agents can also use the Equator site to communicate with us by secure email.