- Ruined Credit
- Buy again in 10 years
- Court Ordered Judgment
- Large Attorney Fees
- Possible Bankruptcy
- Deficiency Judgment(s)
- No Peace of Mind
- Bruised Credit
- Buy again in 12 to 18 months
- Negotiated Settlement
- No Cost to You
- No Bankruptcy needed
- Debt forgiven
- Peace of Mind
Ruined Credit VS Bruised Credit - In a foreclosure your credit can be ruined for as long as 10 years. With a short sale your credit will be bruised for 12 to 18 months. Most banks and lenders understand just about everyone out there is having some sort of credit problem but what they don't want to see is you just giving up. A short sale is a much better alternative to a foreclosure.
Buy again in 10 years VS Buy again in 12 to 18 months - With a foreclosure showing up on your credit report it will be very difficult if not almost impossible to buy anything on credit. No house, no cars, no credit cards, large deposits for utilities and so on. With a short sale your credit will suffer but it has been our experience for those clients who are able to show 12 months of good credit history that banks and lenders are willing to extend credit once again.
Court Ordered Judgment VS Negotiated Settlement - Once the foreclosure process is completed the court will issue a judgment in favor of your lender. This judgment will show up in the public records and on your credit report. A short sale is a negotiated settlement between you and your lender. No need to worry; we will actually be the one who will negotiate for you but obviously a settlement is much better than a judgment.
Large Attorney Fees VS No cost to you - In order to facilitate a foreclosure action against you your lender will need to hire a law firm. The law firm will charge thousands upon thousands of dollars to handle the foreclosure which will be added to the amount you owe the lender. A short sale will cost you nothing to facilitate. In fact, we will handle the entire process for you at no cost to you. How? Your lender will pay my commission once I find a buyer for your home. Even if you owe more than your home is worth I can sell it and your lender will pay all of the fees involved at absolutely no cost to you.
Possible Bankruptcy VS No bankruptcy needed - Many home owners believe they have to file a bankruptcy in order to protect their home. With a short sale there is no need to file a bankruptcy and further complicate your credit problems.
Deficiency Judgment(s) VS Negotiated settlement - If you do owe more on your home than what it may be worth and is foreclosed on, your lender will have the option to chase you for the difference. They will be able to garnish wages, attach personal property and make your life miserable for up to 10 years. A short sale will allow me to negotiate with your lender to release any and all deficiencies before the short sale is completed.
No Peace of Mind VS Peace of Mind A foreclosure will haunt you for up to 10 years or even longer. A short sale will end the process in as little as 3 to 4 months and allow you to get on with your life. It's your choice.