Perhaps the most frequent question that I receive as real estate agent versed in Foreclosures and short sale is about the consequence of foreclosure and/or short sale on one's credit. I have prepared the above table with the details of each for your reference.
Disclaimer: The information that I provide in the chart is for educational purposes and comes from materials generated by the Distressed Property Institute. Anyone facing short sale or foreclosure should always consult with an attorney or an accountant with regard to legal and accounting matters.
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