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Selling your home and your credit score?
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CaidensMommy
My 3 Miracles!
Member since 5/05 5777 total posts
Name:
Melissa
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Selling your home and your credit score?
When you sell your home does your FICO score go up or down or stay the same? Since we'll be selling the house we're hoping that will up our FICO score. Anyone know? TIA! 
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Posted 6/16/08 11:27 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Selling your home and your credit score?
It's possible it may go up since you are removing a debt off your report (that's assuming you don't buy a new house).
If you sell your house and then rent it will take about 1-2 months for your credit report to update with the debt paid off.
But there is really no way to tell if it will go up because real estate debt is considered "good debt" so it's probably not hurting your credit in the first place.
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| Posted 6/16/08 11:31 PM |
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