Foreclosure vs. Short Sales

By
Real Estate Broker/Owner with Bluffs Real Estate and Investment Properties

Should you let your property go into foreclosure or market your property as a short sale. All indications are that you should do aything that you can to get your property sold by way of negotiating a successful short sale. The negative affects of a forclosure are far greater to a homeowner than if you short sale your property. A foreclosure will have long term affect on credit report and scoring. A foreclosure may affect current and future employment, your ability to get loans and how much money the bank will come after a homeowner for a deficiency judgement. Foreclosure vs. Short Sale..... go for the short sale.

 

Comments (1)

Diane Lombardino
Keller Williams Realty of Jupiter - Palm Beach Gardens, FL

Gail,

Thanks for information at the recent foreclosure vs. short sale meeting.  I get have resisted for a long time, but I get it!!  Short Sales are a pain in the ........, but we have no choice these days, we have to go with the market.   Happy sales to you..........

Aug 13, 2009 06:56 AM