Thanks Mike for your beautiful work about creating this Foreclosure v. Short Sale scenario…Cherise
Via Mike Hendren, Your Castle Rock Realtor® (Re/Max Professionals):
Homeowners, if you are in financial distress and fear you may lose your home to foreclosure, please contact a Realtor® in your area who is an expert in distressed properties. They may be able to help you avoid foreclosure.
As you can see from the following tables, foreclosure has much more drastic and long term financial consequences than a short sale does.
This document is available HERE in its entirety (including footnotes) as a pdf file.
