Facing foreclosure? Understanding your options can save you from long-term financial damage. With over 34 years of experience and 15,000+ homes sold, we specialize in helping homeowners navigate distressed property situations.
Side-by-Side Comparison
Understanding the differences between foreclosure and short sale can help you make an informed decision about your property.
When weighing your options, a short sale typically offers homeowners significant advantages over foreclosure in nearly every category.
Impact on Future Financing
Foreclosure
Must answer "YES" to foreclosure questions on all future mortgage applications, affecting loan terms and interest rates for years.
Short Sale
No requirement to disclose foreclosure history on future applications, creating a cleaner path to future homeownership.
Recovery Time
FHA loans available in as little as 0-3 years after short sale versus minimum 3 years after foreclosure.
Credit Impact Comparison
250-300+
Foreclosure Point Drop
Severe credit score reduction lasting 7+ years
~50
Short Sale Point Drop
Minimal impact lasting 12-18 months
7+
Years on Record
Foreclosure remains as public record
Professional Impact
Security Clearances
Foreclosure can lead to immediate clearance revocation and job loss in security-sensitive positions. Short sales typically do not affect clearances.
Employment Screening
Employers routinely check credit reports. Foreclosure can result in termination or reassignment, while short sales are less likely to affect employment.
Future Job Prospects
Foreclosure can prevent job offers, especially in financial sectors. Short sales don't appear on standard employer credit checks.
Financial Liability Differences
Deficiency Judgment Risk
Lenders typically retain the right to pursue additional payment after foreclosure
Negotiated Settlement
Short sales often include waiver of deficiency judgments
Final Sale Price
Short sales typically sell closer to market value, reducing potential remaining debt
Why Choose a Short Sale Expert
Proven Success Strategies
Leverage our experience with thousands of successful short sales
Expert Negotiation
Minimize deficiency judgments through skilled lender coordination
Faster Recovery
Get back to homeownership sooner with our guided approach
Full Process Guidance
Navigate every step with expert support from start to finish
Don't wait until it's too late. Contact us today for a confidential consultation to discuss your best options and start your path to financial recovery.