I have been asked by many homwoners about the consequences of doing a short sale versus going through the foreclosure. I had posted the below table back in September but after more than 50 postings later, it is buried. So, I have decided to repost so that interested parties could learn about the differences.
Like in my previous postings, I would like to reiterate that I am not a lawyer and can't give any legal advices and the information presented is sorely for educational purposes and comes from my training material as Certified Distressed Property Expert (CDPE) Institute which certified my completeness of their training.
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