A short sale is better for your credit rating. Choosing foreclosure will damage a person’s credit rating for seven years, but a Short Sale is far less damaging and has a less lasting effect. Banks recommend Short Sales rather than foreclosure. After a foreclosure, a past homeowner must wait five years before the FNMA will underwrite a new loan, but only has to wait two years after a Short Sale.

• Relief from HELOC 2nd Mortgage

We negotiate with both lenders to significantly reduce or completely eliminate the HELOC loan debt.

• Less embarrassment

No one likes the idea of all their neighbors seeing a ‘Bank Foreclosure’ sign in their front yard. With a Short Sale, we sell your house just like everyone else has. It is a more dignified option in a difficult situation.

• “Cash for Cooperation”

Some banks now offer a cash incentive to cooperate with a short sale, rather than the property being foreclosed on by the bank (the banks that offer this, and the amounts offered are decided on a case by case basis).