1. A short sale is better than a foreclosure. * You will be able to borrow and buy again sooner. Lenders have longer waiting periods for those with foreclosure on their records. Settled loans indicate to a creditor you were cooperative and worked out a solution. * Employers often run credit checks prior to hiring employees. You could be turned down for a job in favor of someone with stellar credit. * Foreclosures can affect those with security sensitive employment (such as security … (0 comments)
arizona short sale: Tough Times -So Now What?
- 05/11/11 10:14 AM
Let's face it, we are in tough times. This isn't news to anyone. We feel it each time we fill our cars with gas. We are reminded each time we cash our employment checks and can't recall our last raise or bonus check. We've held on. We've been patient. We've hoped and waited for things to get better. They said things would get better. But here we are still struggling to get ahead or even just to pay our bills each month.
So where do I go from here? Do I continue to hope the equity in my home will … (8 comments)
"I'm not sure if a short sale is for me......maybe I should just let the home foreclose"
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