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Sherri Elkins' Blog

By Sherri Jacobs Elkins | Agent in Birmingham, AL

Short Sales versus Foreclosures

As a seller, if you are upside down in your home, a short sale is a better solution than allowing your home to foreclose.  A short sale does affect the Seller's credit for 3 years, and a foreclosure is on your credit for 7 years.

Don't expect a quick solution - it does take time, but is a much better solution than foreclosure.  If you are in this situation, you will want to work with an agent who has experience listing short sales and working with Short Sale Departments.  If I can be of any assistance, please call, text, or email me so we can talk about your unique situation.  Thanks - Sherri Jacobs Elkins, Realtor 205-240-5522

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