The foreclosure process can be one that is long, stressful, and embarrassing for the home owner. To make matters worse, you could still end up owing the bank money even after foreclosure and losing your home. A short sale lets you avoid the stigma of the “F” word and achieve a more positive outcome for you and your family.
| Short Sale | Foreclosure | |
| Impact on credit | 50-130 points | Up to 400 points |
| Length of credit impact | 0.5 – 2 years | Up to 10 years |
| Required to indicate property default/foreclosure? | No | Yes |
| Party in control of sale | You! (home owner / borrower) |
The bank |
| Wait period before buying a home again | 0 - 3 years | 7 - 10 years |
Simply call us at 888-444-4090 or request a FREE consultation now and we will contact you to explain your next steps. It's that easy!