Re: short sale vs foreclosure

Posted by NJDave on August 28, 2008 at 12:16:50:

In Reply to: Re: short sale vs foreclosure posted by mike on August 28, 2008 at 11:11:50:

A preforeclosure short sale of a primary residence might enable her to sell, and walk away without owing anything. Her credit will be dinged, but not to the extent of Sheriff's Sale, and easily explained.

I would have her list the house at the amount owed.... and let it sit on the market while silumtaneously making application for a short sale.

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