Are Short Sales a salvation or a curse for the Seller?

Short Sales, Foreclosures, Deed in Lieu of Foreclosure, is there a difference when talking about credit? According to my credit expert from First American Credco, the answer is no. Please take a minute to look over my post about the effects each will have on your credit and ability to purchase a home in the future. Current home owners that are contemplating a short sale should get some legal advice first.

I hope you will find information that is valuable when deciding the way to go in a bad situation. It is my opinion that Realtors can help their prospective clients by knowing these answers too. Feel free to contact me at 541-342-7576/541-221-3455 Cell with any questions, or e-mail me at eugeneloanguy@gmail.com. I can also recommend my outside blog posts anytime your need specific information about FHA Loans or USDA and VA loans.