Â Getting a short sale done is less costly to you. Most people believe that letting the bank foreclose will not hut them or will have the least affect on their credit.Â
A foreclosure will in most cases keep a home buyer out of the market for up to 7 years and hit their FICO or credit scores as much as 300 points.Â
Â A short sale on the other hand will keep a home buyer out of the market for 2 years and nick their FICO 60-80 points.
Â The question you need to ask yourself is which process makes the best sense for me?Â
Â Just like anything else there are exceptions to the rule.Â
Â If you are upside down on your home and are facing a foreclosure situation and you don't know what to do?Â Â Â
Â Â OR Â
Â Would you like to find out if you qualify for this and see if your bank is one of those participating in this program? Please contact me ASAP!
Â I would like to help you get the relief you deserve.