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Here are some thoughts on Short Sales!

Short Sale Pros

Avoid Foreclosure – This is probably the biggest plus to a short sale – you can avoid foreclosure and everything that comes with it. There are still things that will follow you.

Credit Score – While there still may be an effect on your credit score, a short sale generally has less of a negative effect on your credit rating.

Short Sale Cons

Credit Damage – There is still going to be some damage to your credit, even with a short sale.
Possible Tax Consequences – If your short sale is approved, there may be consequences when it comes to your taxes.

As you can see, there are quite a few pros and cons to the short sale. Because it may be confusing for you (unless you happen to be a real estate wiz), it’s nice to know you can get FREE INFORMATION about short sale pros and cons. Or leave a question here and we’ll try to help. Thanks and good luck!