Posted on: 13th Jun, 2013 12:32 am
Is foreclosure a better option than short sale?
Hi Korl,
A foreclosure will lower your credit score by 250 points whereas a short sale will lower your scores by 80-100 points. In such a situation, definitely short sale is a better option.
Take care
A foreclosure will lower your credit score by 250 points whereas a short sale will lower your scores by 80-100 points. In such a situation, definitely short sale is a better option.
Take care
Absolutely a short sale - in fact far too many people think that foreclosure is somehow cleaner and cheaper when the vast majority find out the opposite may actually be true.
A short sale is good for you
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