Short Sale vs Foreclosure

Homeowners who are struggling to make mortgage payments have a few options. The two most common are short sale and foreclosure.
There are a few primary differences between them that anyone considering these options should know about:

1. The ability to buy a new house in the future
2. The effect on credit score and credit history
3. The effect on current and future employment
4. Possible effects on security clearances
5. The deficiency judgment.

In almost every scenario, a short sale is the better choice for homeowners needing mortgage assistance. If you think you may qualify or want to find out if you do, get in touch with our mortgage experts, who can simplify the short sale process.

The associates at Short Sale Cooperative have successfully closed almost 20,000 transactions over the last 30+ years, and we can help with even the most difficult transactions. Consultations are always free, so contact us today to see how we can help.