Short sales are becoming more and more widespread due to banks willingness to participate in the process. Reasons why home owners should consider a short sale and avoid foreclosure are numerous. To name a few short sales temporarily affect your credit rating, however, foreclosures stay there for 7-10 years and are never erased from public record. Most important reason to avoid a foreclosure is your ability to maintain your current employment or obtain new employment. Foreclosures jeopardizes security clearance and many other jobs that employees are required to be bonded.
It is very important to hire an agent who is trained how to process a short sale. Always call a Certified Distressed Property Expert. (CDPE)
Kim Raine, CDPE, Remax Premier Properties, Plano, Texas
214 675 9436
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