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Short Sale vs. Foreclosure: Who Wins?

by Nate Martinez

Short Sale vs. Foreclosure: Who Wins?

How does a short sale impact a consumer’s future? With a short sale, there is no actual way the debt is reported to the credit agencies. This means, if a homeowner is able to negotiate a short sale without missing a payment, they may be able to apply for an FHA loan immediately.

On the other hand, a foreclosure includes months of missed payments and court proceedings that are all reported to the credit agencies – and a foreclosure will stay on your credit report for a period of seven years. To learn more about the advantages of a short sale verses a foreclosure, please visit me online at www.AZShortSaleResource.com.

Time is Running Out

by Nate Martinez

Time is Running Out

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions that help them avoid foreclosure and opened up options to them that were previously unavailable.

However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2012. For distressed homeowners, this means that time is running out for them to take advantage of the program and save themselves tens of thousands of dollars.

If anyone you know may need my expertise, please visit my website for a copy of my recent report entitled "Time is Running Out: How the Mortgage Debt Relief Act can save you!" Then give me a call to discuss the alternatives available to avoid foreclosure - Nate

www.NatesHomes.com
602-942-7000

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Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
623-643-1010
602-430-5226
Fax: 602-532-7352

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