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Benefits of Short Sale over Foreclosure – acgnow.com – The short sale process allows borrower to demonstrate an active role, specifically with bank, short sales consultant and home-buyer. Short sale provides much more control to borrower as compared to foreclosure that leave the borrower on the mercy of bank attorneys. Short Sale Offers Peaceful Solution.
10 Benefits of Short Sale over Foreclosure – HowStuffWorks – Short sales can leave homeowners in a much more positive position, lessen their financial burden and salvage their credit to a degree. A short sale can provide "light at the end of the tunnel" to homeowners and offer them a platform from which to start rebuilding financially [source: Foreclosure Questions].
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Short Sale Vs Foreclosure – Foreclosure | Laws.com – The short sale transaction is used as an alternative to a foreclosure because it mitigates reoccurring or additional fees to both the borrower and creditor. That being said, the short sale does not come without negative externalities; a short sale will often result in a negative credit filing against the owner of the property.
"The short sale is, in my opinion, far better than buying a foreclosure because the home is generally in better condition because it’s been occupied," she says.
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10 Benefits of Short Sale over Foreclosure | HowStuffWorks – A short sale doesn’t absolve the borrower from the debt he or she incurred with the original mortgage, but it can be better than a full-on foreclosure.. Let’s take a look at 10 reasons why a short sale may present a better option than letting your home slide into the long, draining process of foreclosure.
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