Avoid foreclosure chart below clearly conveys the benefits of short sale (IF) your situation permits. What’s best for you depends on a careful discussion between you and your real estate attorney.
avoid foreclosure chart compares foreclosure to short sale
Please don’t walk away, even if the property is not your primary. It’s not the beneficial credit reporting from short sale. It’s not the beneficial Fannie Mae policy allowing you to buy another house in 2 versus 5 years. Rather, it’s the opportunity to avoid deficiency judgment, something that hangs on for up to 14 years in Florida! Please scroll down to share your thoughts, ask a question or share an experience.
Avoid foreclosure (IF) your situation allows. Sarasota Mike Payne helps homeowners avoid foreclosure. For a free, no-obligation discussion, call (941-928-8145) or email me now.
