Despite the discussion of recovery and being at the real estate bottom, many homeowners are still faced with the tough decision: Short Sale or Foreclosure? People facing a short sale or foreclosure have a lot of choices to make and depending on those choices the impacts can be greater and last longer. Here 8 different financial areas impacted by a short sale and foreclosure.
Short Sale or Foreclosure? A Homeowner’s Comparison
|Proceeds to Seller|
|Future FNMA Loan Primary Residence|
|Time to Complete|
|Future Effects on Employment, Security Clearances|