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What Is The Benefit Of A Short Sale vs. A Foreclosure?

April 26, 2017benefit foreclosure sale short vs

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What Is The Benefit Of A Short Sale vs. A Foreclosure?

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The benefits of a short sale are numerous. First, you will avoid a foreclosure on your record. This is more than worth the effort to perform a short sale on your property. Second, a deficiency judgment or tax liability can either be avoided or minimized during the short sale negotiations with the lenders. Finally, a short sale will allow you time and a better credit record to find a new place to live on your own terms instead of facing an eviction.