Benefits of a Short Sale

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.

Benefits of a Short Sale vs. Foreclosure (or Deed in Lieu)

• Our goal in short selling your property is to release you from any obligations attached to the property.
• If you short sale your home, you have the ability to purchase property immediately or within 2 years depending on mortgage lates. With a foreclosure, you have to wait 7 to 10 years to buy property again.

	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

Would you like to learn more?

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!