10 Reasons Why a Short Sale is Better Than Foreclosure

Are you struggling to make your mortgage payments?

Is your home is worth less than you owe, and your finances are so shaky that your lender won’t modify your loan?

Have you tried to sell your home, but received no offers?

Are you nervous about the bank coming after you if you lose your home to foreclosure?

Before you resign yourself to foreclosure, see whether a short sale can get you out of trouble.

With a short sale, you accept an offer on your home that’s less than what you owe on your mortgage and your lender forgives the difference. You walk away with no outstanding debt and less damage to your credit history than a foreclosure, and… you can qualify for an FHA-backed loan two years after a short sale, compared with five years for foreclosure and seven years for bankruptcy.

The best part about a short sale is that there are no fees charged to the homeowner.

Click here to see a chart that shows the 10 reasons why a short sale is better than a foreclosure.

Call our toll free hotline to see if you qualify for a short sale. 800.975.4077