Sentences with phrase «than a foreclosure»

This means you walk, and they take the loss, not a pretty sight, but far better than a foreclosure.

And typically, a short sale does far less damage to the homeowner's credit than a foreclosure does.

Banks have more incentive to do a short sale than a foreclosure since they lose more money in a foreclosure.

If you've been hit with financial hardships that hamper your ability to pay the mortgage, there are options other than foreclosure or selling your home.

There are not many things that can negatively impact your credit score more than a foreclosure or short sale.

But it can be a much better option than the foreclosure because a foreclosure stains your credit history forever.

Doing a short sale has less impact on your credit score than a foreclosure.

A short sale is a far more desirable outcome for a seller than a foreclosure because it will appear on a credit report as a settlement.

A short sale is a far more appealing outcome for an underwater seller than a foreclosure.

Sellers should know that although a short sale looks better on your credit report than a foreclosure, your credit score will still be affected.

The best option to avoid the risk of impact to security clearance is to choose a short sale rather than foreclosure.

Besides being cheaper, easier and faster than foreclosure, a short sale turns a huge potential loss into a smaller one.

But it may do less damage than a foreclosure.

Even many mortgage lenders have come to realize that loan modifications and other relief are often more cost - effective than foreclosure.

The deed in lieu process also moves more quickly than a foreclosure or short sale.

Banks have begun approving short sales more and more because they are cheaper and less of a hassle than foreclosures.

Typically, your credit score will drop by 75 to 200 points after selling your property in a short sale, which is less severe than a foreclosure.

Although going through a short sale is a difficult and unfortunate situation to experience, it is a far more appealing result than a foreclosure.

A short sale is often more advantageous for a lender than a foreclosure.

Short selling your home is a much better alternative for all parties involved than a foreclosure.

However, a short sale will generally affect your credit score less severely than foreclosure or bankruptcy.

It is clear why short sales should be more attractive to banks than foreclosures.

Within the distressed market, short sales are becoming more prevalent than foreclosures.

Short sales have smaller price discounts than foreclosure sales.

Did nt know if anyone had any other pitch than «this is smarter than foreclosure»?

But, the sad part is that it is becoming that hard for many people to get a mortgage for many reasons other than a foreclosure.

(4) On your credit report, a short sale doesn't look much better than a foreclosure.

Short sales do less damage to your credit report than foreclosures.

Though you lose the home, a deed in lieu of foreclosure can be less damaging to your credit than a foreclosure.

Lenders generally take smaller losses on short sales than foreclosures.

There are not many things that can negatively impact your credit score more than a foreclosure or short sale.

Additionally, a short sale is typically faster and less expensive in Minnesota than a foreclosure in Minnesota due to the redemption laws.

One little piece of information, though, seemed to me extremely relevant — and under - reported: This past January saw more short sales close nationally than foreclosures.

A Markham power of sale can be completed in 3 to 6 months with legal costs that are usually lower than foreclosure costs.

On the upside, a short sale is far less destructive to your credit rating than a foreclosure, as it is supposed to be listed as a «settled debt» on your credit report.

When doing a short sale, your credit will be affected for a few years, you'll get a 1099 for the difference that was discounted and most likely you'll have to move, but it's way better than a foreclosure where you could get stuck with a deficiency judgment.

The process is more amicable than a foreclosure because you are working with your lender.

Servicers will want to make customers aware that options other than foreclosure exist.

A short sale will appear on a credit report as a settlement, and will be looked upon more favorably in the future than a foreclosure which will remain on your report for seven years and could potentially destroy your credit.

But Hobson said that the possibility of a hit on your credit score should not stop you from applying for a loan modification, because the dip would be much less hurtful than a foreclosure, which could ruin your credit rating and stays on your record for seven years.

«Now lenders are more willing to go along with a short sale because it may be quicker and less costly than foreclosure, a process which can take a year or more in many states.»

Loxahatchee short sales have less impact on the seller's credit history than a foreclosure, but it still has an impact on one's credit standing.

Banks are ramping up short sales thanks to government incentives and the realization that short sales result in lower losses than foreclosures.

«A short sale does look better in the bank's eyes than a foreclosure,» Naylor adds.

We negotiate loan modifications, short sales, «deeds in lieu» and other cutting edge legal outcomes that are better for our clients than foreclosure.

They must have put pencil to paper and decided that this is a good deal for them in the long run (cheaper than foreclosure proceedings and then holding those homes on their books and paying for their upkeep).

«The shift toward earlier disposition of distressed properties continued in the third quarter as both lenders and at - risk homeowners are realizing that short sales are often a better alternative than foreclosure,» says Daren Blomquist, vice president of RealtyTrac.

Evictions are easier than foreclosures.

But short sales can be better buys than a foreclosure.

Some HOAs have found that the short - sale route can be more successful than foreclosures in getting some unpaid dues recouped over.