At first glance, a foreclosure and a short sale can seem similar. After all, they both occur when you're having trouble covering the costs of.
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Our team will handle 100% of the responsibilities from our initial meeting until the successful closing of your home, without any payments or fees. We are paid by your lender and you are never under any obligation to complete a short sale and can cancel anytime.
Understand the difference between a short sale and a foreclosure; both result in the loss of a home, either through a sale by the owner or the.
Worse, solutions seem far from obvious. American consumers, whose spending accounts for 70% of U.S. economic activity,
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Short sale and foreclosure are similar in that they're both financial. and long waits,” says Marlene Waterhouse, owner of Short Sale Solutions.
Furthering the evidence that the economy is recovering from the financial crisis, short sales and foreclosure sales accounted for only 13% of the total homes sold in the third quarter, which was the.
· Short Sale vs. Foreclosure – Your Options. While both options can have ramifications, a short sale often has less of an impact on the borrowers creditworthiness. A foreclosure could impact a borrower’s credit score by 300 or more points, where a short sale.
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