Short Sales Maryland
The Differences are very clear.. .
Should you do a short sale or just let them foreclose on your property?
It's your choice:
| The "Issue" | Foreclosure | Short Sale |
| How will this affect my credit? |
Your financing will be severely limited and very expensive for the next 5 -7 years for foreclosure or a deed in lieu of foreclosure. | If you had an approved short sale the time needed to purchase again goes down to 2-3 years and without the strict lending requirements that a foreclosure required, such as a minimum FICO of 680. |
Tip: Having housing is a fate everyone eventually faces. You have to pay to live somewhere anyway. Renting temporarily while your credit recuperates is ok. .but for those willing to look into buying their own house in a couple or so years. . the rewards can be significant because you will be buying your new home at more realistic prices and not inflated and puffed up by a greedy lender.
To read the complete series " Short Sales vs Foreclosure" ← click here
To find out more if a short sale is an option for you:
(Click on the Image to Read our Ebook )
"Is a Short Sale an Option for You?"
Short Sales vs Foreclosure
"Need immediate help? call 240-426-5754"
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What is the difference between a short sale and a foreclosure?
In a short sale, you sell your home
In a foreclosure. . you lose it
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Short Sales Maryland / Virginia Realtors Experience doing short sales and helping to solve the Foreclosure Crisis one client at a time
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