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Doing a short sale may be more credit-friendly than a foreclosure, but that doesn’t mean you’re safe from the damage. Short sale credit effects cannot be avoided—but luckily, they can be controlled much more easily than a foreclosure. What a short sale does to your credit depends on several factors, such as the amount you […]

The spike in short sales and foreclosures has opened new opportunities for investors, with homes selling for as much as half the fair market value. But few investors recognize the difference between short sale and foreclosure properties. They both offer good deals, sure, but it’s the little things that often make the biggest difference. Knowing […]

Most homeowners have heard of short sales, but few recognize their importance in the foreclosure problem. Many don’t see the point in choosing the short sale option when they don’t get to keep their homes anyway—for them, it’s just foreclosure in a different form. But that’s actually where the similarities end. Foreclosures and short sales […]

Short sales are no doubt a viable way to stop foreclosure, but the credit effects have made many homeowners think twice. Is it really worth going through the short sale process when you don’t get to keep your home? What credit short sale effects should you take into account? This guide answers some of the […]