Short Sale versus Foreclosure

Posted by James Helms on January 5, 2010 · Leave a Comment 

Are any of you out there struggling with this decision? Is your back against the wall? As a Real Estate professional and a Certified Distressed Property Expert, I can assure you there is a big difference between the two. Let me give you my analogy on the two.

As far as your credit goes:

• a short sale would be like falling of your bike and scraping your knee.
• a foreclosure; that would be like getting hit by a train.

Think about your decision carefully.

James

Filed under Real Estate · Tagged with credit issues, distressed property, foreclosure, Real Estate, short sale