Sit down and ask yourself, what are the true advantages to a short sale? If you give me a few minutes of your time, I will give them to you. Prepare yourself the best way you can and give yourself the knowledge needed to make an educated and best decision for yourself!
What are the advantages to a short sale?
1. Avoid foreclosure on your credit.
2. Avoid potential bankruptcy, which is something you NEVER want!
3. Avoid being evicted from your home. Who wants to be told to leave from their home?
4. There’s less potential for a tax liability.
5. It’s much easier to repair your credit after a short sale, which shortens the time before you qualify for new ownership.
6. You can get out from underneath a depreciating asset. Who likes to be upside down in their home?
7. Lenders customarily pay all closing costs in a short sale transaction, including commissions so…
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