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