short sales: Foreclosure "Better" than Short Sale? Not Convinced!
- 11/23/09 03:28 PM
Brent White, an associate law professor in Arizona, was just on Fox Business News and is spreading the message that foreclosure is not nearly as bad a credit hit as it's made out to be and that you can recover your credit within a couple of years! He says that there's a double standard out there and that when a corporation decides to shed a bad investment it's considered wise, but when a person tries to shed a home that has become a financial albatross, it's considered bad. I don't see how Mr. White can make the comparison between a company (2 comments)