I am looking at a mandatory "short sell" for my home. I am compelled to sell due to the drastically lowering home values and my interest-only mortgage. My mortgage company advised they would place a "settled for less" label on the mortgage section of my credit report. I currently have about a 730 credit rating. I have never made a late payment. My payment history on my credit report is unblemished. Should this sale go through, how will this affect my credit? Is there anything else to consider?