How does a Short Sale affect your credit chalk up if you are current on your mortgage?

I am current on my mortgage payments but my job needs me to relocate out of the state. My home helpfulness has gone down significantly since I bought it. I was working beside a realtor and was informed that a short sale is my best way out. How will this affect my credit?
Answers:
are you SURE you want to accept a verbs that will force a short sale? tell your employer to win creative and keep you whole.
if you are current the wall will not do a short sale with you. That is the ambush. You have to be behind on your mortgage, further dropping your credit ranking in order to do a short public sale which will drop your score further.

if you are buying a house in the bright state you will have difficulties getting a mortgage if you cant prove you can pay both transcript.

the drop in values has severly impacted the qualifications of people to simply pick up and move. We are looking at until at least 2011 formerly we have a shot at turning around. Probably longer. Source(s): http://localhardmoney.com
A short sale will drop your credit score between 150 and 200 points.

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