Short Sale an Alternative to Foreclosure
A short sale can offer several benefits to a homeowner facing foreclosure:
- The benefit of a short sale is that it allows you to avoid foreclosure.
- A short sale will have a less severe impact on your credit. This can make it easier for you to recover financially and rebuild your credit.
- In a short sale, we will have more control over the outcome compared to a foreclosure.
- We can negotiate to have the lender waive their right to pursue a deficiency judgment.
- You will feel a huge relief from the burden of going through the foreclosure process.
- You will not pay any seller closing costs or professional real estate fee.
- The sale of your home will be as is.
Overall, a short sale can offer a more favorable outcome for homeowners facing foreclosure by allowing them to avoid the worst consequences of foreclosure and regain control over their financial future.