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Foreclosure in 03865 : Real Estate Advice

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Wed Sep 23, 2009
Scott Godzyk answered:
You do not know if the corporation has had to sign personally. As well what type of corporation owns it, how they filed with teh state and if that corporation owns other properties can factor in. As well if teh corporation wants to keep to business and not after to start a new corporation. There are way too many variables but i can tell you the advantage of a business or corporation doing the short sale is teh same as personal. To save some sort of credit rating, short sale is less damaging than a foreclosure and with a short sale they can negotiate the amount that they are short to being able to put off the amount to a later date to completely writing it off. In a foreclosure the bank is coming back for that money if they have any other assets. I hope this helps. ... more
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