Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
You are in:  LA Home » Q&A » Buying » Short Sale vs Foreclosure
    

Short Sale vs Foreclosure
  I bought my house by securing a mortgage from countrywide. there now is $190.000 negative equity in the house. What is the up side to short sale versus foreclosure?
 
  With a short sale your credit record doesn't take so bad a hit, and you won't have the threat of a judgment for the unpaid balance of the debt.  If your lender will agree to a short sale, you're very lucky.
    Edith
Originally published on June 30, 2008
 
    Back to Summary < Previous   |   Next >  
   
 

About Us | Privacy Policy | Terms & Conditions | Testimonials | FAQ | Site Map | Archive | Useful Documents | Development | Useful Links | Podcasts | Widgets | Contact Us

Copyright © 2007 AskEdith. All rights reserved.