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[mage lang=”en|es|en” source=”flickr”]short sale vs foreclosure[/mage]How do the following affect your credit?
Vs foreclosure notice of default against missing two mortgage payments, compared to the sale shortly after the notice of default. Does a short sale in which a person with a loan from the lender to take less convincing what should be a greater effect on the credit of curing negetaive loan? How?
If you have the ability to "cure" the loan is the best route to go. Even if the healing of the loan and then sell what you do not get in the same position again. You do not want an execution mortgage pass. If you do not have the ability to cure the loan, then you have to try to work a short sale. However, there are limits of a short sale and make sure that if you decide to go this route to be moving quickly.
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