Difference between short sale and foreclosure on my house?

destini’smom asked:


We owe more money than what our house is worth. My realitor is suggesting a short sale or a foreclosure, what is the difference? Which will hurt my credit less?

2 Responses to “Difference between short sale and foreclosure on my house?”

1. frankie b Says:
   January 3rd, 2008 at 4:26 pm

   The hit if it off either way is not good good good luck talk to you and they may take the bank will allow you and take the house at loss and take the.

2. Phil H Says:
   January 6th, 2008 at 1:43 pm

   We offer a foreclosure bailout. If you would like to keep your home, you can contact me as soon as possible though.