Foreclosure Vs. Short Sale
A side-by-side comparison of the consequences of foreclosure and a short sale.
A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.
This is absolutely wrong!
