is it possible to sell a property as a short sale wiouth hurting my credit?

I believe not. The short sale would be reflected on your credit report, as that represents the deficiency (shortage) that you would still owe to the lender.

It is possible if you negotiate with your lender, and I advice you talk to a professional about it.

 

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The short sale will reflect just as a foreclosure- your credit will still take a dip, dropping your FICO score 200-300 points in most cases. The only upside is that you will be able to buy another home in less time that if you went to foreclosure. A person who is foreclosed on has to wait 3-5 years to get an interest rate that will make any sense, but a short sale will only take two.

Carolyn Mitchell:

The short sale will reflect just as a foreclosure- your credit will still take a dip, dropping your FICO score 200-300 points in most cases. The only upside is that you will be able to buy another home in less time that if you went to foreclosure. A person who is foreclosed on has to wait 3-5 years to get an interest rate that will make any sense, but a short sale will only take two.

 

Please show the link to the Fannie Mae or Freddie Mac mortgage letter that states it is only 2 years for a short sale.  Everything I have read say's it is the same time frame that a foreclosure is.  Once in a while a recent change does get by me.

found it myself, thank you though, some one can as long as they put a minimum of 10% down purchase after 2 years.  They are calling it a "pre-foreclosure sale". 

It is not a guarantee it will show on your credit, and you are also able to negotiate that the short sale does not report. It is all in the negotiations.