Today many people are having to face losing their homes and among that storm there is so many contradicting information about short selling your home or giving it back to the bank. What truly is the best option? Is it better to short sale? Many agents have been telling home owners that if you short sale it will not affect your credit as much than if you let it go to foreclosure. That just isn’t true click here.
In the past, short selling could actually hurt you more than help you. Ever since The Mortgage Forgiveness Act of 2007 short selling is not that bad and could be a better option than your basic foreclosure. The main thing that consumers are concerned with is the credit, how long before they can by again? Is there a way to better our financial situation? To have these specific questions please call John today at 661.310.1514
