Short Sale, Foreclosure and Strategic Default

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Wednesday, June 13, 2007

LendingClarity.com » Blog Archive » Short Sales vs. Foreclosures….Your Credit Will Suck Either Way

LendingClarity.com » Blog Archive » Short Sales vs. Foreclosures….Your Credit Will Suck Either Way


More dangers for Realtors who counsel sellers about the benefits of short sales.

Credit bureaus may give short sales and deeds in lieu of foreclosure the same damaging score they currently give to foreclosures.

2 comments:

Anonymous said...

Wow - I guess I should think twice about helping someone do a short sale. Are you still doing short sales?

John McConnin, Esq. said...

I am currently advise people in various stages of the short sale process. However, I make sure the homeowners understand that a short sale is only part of the toolbox. All of the pre-foreclosure choices must be examined and a plan with multiple strategies should be put in place.