DontShortSale.com

Short Sale

In reality a short sale may be a viable option for you. If your home is upside down a short sale is your best option if you want to relieve yourself of the home. On the other hand if you want to keep the home a short sale is not an option.

Why A Short Sale May Be Your Best Option:

You remain in control.

Reduces potential liability.

Your credit will not take as bad of a hit.

Keep the "F" word (foreclosure) away.

May be able to buy a new home in as little as 2 years (up to 7 for foreclosure)

You do not have to be behind on your mortgage to do a short sale.

Why A Short Sale May Not Be Your Best Option:

As with all of your options there are potential issues with a short sale.

Your credit will take a hit.

You will have strangers coming through your house.

The process is difficult and time consuming.