Which Would You Rather Have on Your Credit Report?

Which Would You Rather Have on Your Credit Report?

“Foreclosure,” or “paid as agreed for less than balance owed.”

This is the difference between foreclosure and short sale. Many homeowners have security clearance which would affect their job if they were to let their home go to foreclosure.

Some agents think it doesn’t think it doesn’t matter. Just let the home go to foreclosure because in their mind it’s not going to matter later. These are the lazy agents whose negative opinion about short sales may not be in a homeowner’s best interest. Maybe it’s because they don’t know how to do short sales, or they don’t want to take the time and patience to learn.

If you want to avoid foreclosure, a short sale is an option that saves your credit report from “foreclosure.” A short sale also gives a homeowner peace of mind that they “sold” their home and didn’t just walk away. The only difference between a standard sale and short sale is that “price, terms and conditions are subject to lender approval.”

If you want a hardworking short sale agent, who has been selling short sales since the mortgage meltdown, please contact me direct 951.491.4063 for a free consultation and no obligation.

There is life after short sale