Foreclosure in 20744>Question Details

kmade99, Home Buyer in Boise, ID

We recently retired and have enough cash to buy a home in another state. Should we short sale or foreclose, we could use all the cash we can save?

Asked by kmade99, Boise, ID Sat Nov 17, 2012

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Hi,

I would really suggest that you consult with an attorney, Short Sale Realtor, and tax advisor. It is extremely important that you consider all your options.

If you want to set up free consultations, please contact us and we'll be happy to assist you.

Wishing you the best,

Tyra
0 votes Thank Flag Link Mon Nov 19, 2012
You can do a regular sale if you have remaining equity. You'll be able to preserve your credit in case you still need it. If you try to short sale, you'll likely get declined with your currently cash position. And, you can't foreclose on your home, which can only be done by your lender.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sat Nov 17, 2012
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