Foreclosure

 

Short Sale

  • Court Settlement will be high
  • Credit ruined
  • Big attorney fees
  • No peace of mind
  • Hard to buy again in 10 years
  • Deficiency could result in civil lawsuit
 
  • Negotiatge the settlement
  • Credit bruised
  • No attorney fees
  • Seller has peace of mind
  • You can buy again usually within 2 years
  • Liens negotiated
  • Seller can stay in the property longer
  • Zero money from seller's pocket
  • Seller could stay in the property if investor buys it and rents it back to them