Short Sale vs. Foreclosure


http://www.cdpe.com We go over the key differences between short sale and foreclosure in today’s real estate market.

By | 2013-08-24T01:19:00+00:00 August 24th, 2013|Mortgages Home Loans Interest Rate|25 Comments

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25 Comments

  1. 07charlie08 August 24, 2013 at 11:56 AM - Reply

    great vid! but i heard short-sale now actually gives FICO score triple digit damage…

  2. 07charlie08 August 24, 2013 at 11:11 AM - Reply

    “short-sae program could cause sellers’ credit scores to fall”la times, sept 9th 2012 B10

  3. Lou Sansevero August 24, 2013 at 11:05 AM - Reply

    Short Sales WILL impact your credit scores negatively however for only a period of about two years, you’ll then be able to apply for and qualify for a mortgage. If you look at the other alternatives; Walk Away, Foreclosure, Deed In Lieu, not only is your credit score impacted for 10 years or more but you may not be able to get a job or a security clearance.

  4. Angela Davis August 24, 2013 at 11:04 AM - Reply

    Wonderful information, right to the point.

  5. Karen Seeman August 24, 2013 at 10:43 AM - Reply

    LOL!

  6. Kari Kohler August 24, 2013 at 10:17 AM - Reply

    Great info and very clear.

  7. Lucie Lynch August 24, 2013 at 10:03 AM - Reply

    Great video. Thank you!

  8. Kristina Hernandez August 24, 2013 at 9:12 AM - Reply

    Your lender does NOT have your interest at heart! My name is Kristina Hernandez. I am a counselor for various attorneys & law firms in the US. Contact me today for FREE counseling on your loan modification process. My e-mail is Kristina.SOFconsultant@live.com. Mention this YouTube comment for a discount on services available. I can even send you the information to show you what you qualify for under Federal guidelines.

  9. Eddie Arboleda August 24, 2013 at 8:49 AM - Reply

    Short Sale vs. Foreclossure
    Give me a call for a more private discussion @ 954-258-9903

  10. Everett Grover August 24, 2013 at 8:17 AM - Reply

    Awesome info regarding foreclosure.

  11. Christian Marzant August 24, 2013 at 8:10 AM - Reply

    When someone pays their mortgage over a period of time,it builds equity. Then something bad happens such as a job loss,death, or sickness. The payments stop,then the threatening notices.Then some scumbag with knowledge of purchasing foreclosures buys it and gets a check for the equity the house has. This is robbery,pure and simple. If a person gets into trouble not being their fault,then the bank should give back all the monies paid to them,not to the scumbags who buys their home.

  12. Troy Jones August 24, 2013 at 7:54 AM - Reply

    Really good info!

  13. Joe Luca August 24, 2013 at 7:24 AM - Reply

    Charfin is the one of the industry leaders when it comes to Short Sales Education.

  14. Todd Crump August 24, 2013 at 7:01 AM - Reply

    Great video and all CDPE’s should have it!

  15. sellingbuyingahouse August 24, 2013 at 6:51 AM - Reply

    Interesting video…

  16. Alice Eure August 24, 2013 at 6:18 AM - Reply

    Very Clear Information
    

  17. Romi Ventizer August 24, 2013 at 5:31 AM - Reply

    I just found out that a guy named Lenny Reeb, who tries to scam people into buying short sale programs is a convicted murderer. He is working for a company called US Residential. So if you are approached by them, you should look for the news articles about when Lenny Reeb was arrested and convicted for murder before you get scammed out of your money and or your home.

  18. Anubrata Mallick August 24, 2013 at 5:04 AM - Reply

    capitaldistrictforeclosurehelp(dot)com/

  19. Steven Betolatti August 24, 2013 at 4:51 AM - Reply

    We have been able to help so many homeowners with short sales but it is unfortunate when agents do not understand what it takes to close a short sale and it does go to foreclosure. Short sales are definitely able to help the homeowner but does require a knowledgeable agent such as a CDPE. soldonstevieb(dot)com

  20. Everett Grover August 24, 2013 at 4:34 AM - Reply

    A very valuable information!

  21. Greg Owen August 24, 2013 at 4:32 AM - Reply

    What about TAX? The bank can issue either 1099-A (abandonment of debt) or 1099-C (cancellation of debt) depending on whether the house is foreclosed or sold as short sale.

  22. John See August 24, 2013 at 3:45 AM - Reply

    Great Video. Very informative.

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  25. Yasser Syed August 24, 2013 at 2:05 AM - Reply

    This should be a no brainier as never have you seen anywhere on a application of anything or anyone else ask you did you have to short sale your house, rather you always see the million dollar question as did you ever foreclose on a home. None the less good video.

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