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What’s a short sale vs. a foreclosure?   Leave a comment

Pro’s of a Short Sale:  You, the Owner, retain more control of your transaction.

  • You choose the buyer rather than just waiting for the Bank to take your house.
  • You control the time frame for moving to a much greater degree than a foreclosure.
  • Generally your credit rating is impacted far less in a short sale than a foreclosure.
  • Often you can buy a house again within 2-3 years after a short sale vs. 6 years under a foreclosure.

These numbers are examples; talk with your lender or attorney to get your specifics.

View Barry’s Pine Mountain Club website at


Posted November 4, 2012 by dontletthemtakeyourhouse in Uncategorized