Re: Pursue a short sale after losing first prop to foreclosure?
Posted by Jerry - Ca. on July 16, 2008 at 15:31:56:
In Reply to: Pursue a short sale after losing first prop to foreclosure?
Posted by K on July 13, 2008 at 18:00:58:
Answer to question #1. Short Sale might be slightly better but your credit is already diminished by the Investment property foreclosure!
Answer to quetion #2 Not a waste of time ... lenders are finally starting to accept Short Sales more readily!
Answer to quetion #3 Wrong ... the lender will have slighltly less loss with a Short Sale (That's why they do them)and if a deficiency judgment is applicable ... it would be for less money since they didn't lose more!
As you and I have said ... the "done-deal" foreclosure has already ruined your credit.
I have a way of putting you immediately into a home with full "active" tax deductions regardless of your foreclosure, credit score, or bankruptcy! Requires 5%down ... If you or others are interested ... E-mial me for details and website address (since advertising is not allowed on this forum)!
Jerry-Ca.
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