Short Sale vs Foreclosure

Facing a foreclosure can be one of the most traumatic experiences in your entire life. Homeowners in trouble frequently do not have the money available to pay a real estate agent, or to pay the required closing costs and they often procrastinate to call for help until it is too late. We can help you to complete a short sale with NO expense to you; the lender in the short sale process will pay all real estate and closing costs. Also, a successful short sale can mean that the homeowner will have “Lien Satisfied” on their credit report instead of a frightening foreclosure.

The difference between a foreclosure and a short sale is vast – it can mean buying another home some day, instead of renting forever. While a foreclosure stays on your credit history forever, a short sale does not. A foreclosure will haunt you, not only for future home buying and credit needs, but it may also affect your ability to realize employment, security clearances or insurance.

In these distressed times, embarrassment and shame should not be an concern. The Chad Madlom Home Selling Team has gone through the extensive training necessary to help you through these trying times. If you are having financial trouble, we encourage you to contact us ASAP, so we can help you. It is vital that you ask for help at the very first detection of your inability to make your mortgage payment.