Special offer

SHORT SALES FOR MARYLAND DC AND VIRGINIA

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

Your choice of how to handle your delinquency may affect your credit report. A foreclosure will remain on your credit report for 7 years.

If you choose to let your home go to trough a short sale and . .

Assuming the rest of your credit is good, you maybe able to buy another home in 2 years.

A short sale is only a good option if you are going directly to a foreclosure.

Even if a short sale does not happen. . at least it will buy you time in case you something changes in your situation and you can avoid foreclosure by paying back and/or modifying your loan.

The goverment could come up with something that could help you directly. . .several proposals are up for votes to assist homeowners.

Bottom line here. . is that you should definitely consider a short sale when a foreclosure is eminent

Contact me at Fernando@ReallyNiceHomes.com for more info

www.ReallyNiceHomes.com

Comments (1)

Pam Joffe
Solaris Realty - Tampa, FL

Good morning Fernando - I wondered how a short sale would affect someone's credit when compared to a foreclosure. Thanks for the info.

Jun 09, 2008 01:22 AM