Foreclosure: On any future application, a prospective borrower will have to answer YES to question C in section VII of the standard 1003 form that asks, "Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?" This will affect future rates.
Short Sale: There is no similar declaration or question regarding a short sale.
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Shayne is a full time Realtor working throughout the West Valley. He and his Team promise to offer you the very BEST service. Considering a short sale? Shayne has his CDPE and CSSN designations.
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