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Foreclosure Vs. Short Sale?

What to Do?

In foreclosure vs short sale, who wins? In all honesty, the answer is no one. However, one alternative is less emotionally and financially painful than the other. If you're faced with being unable to pay for your Branson real estate or Table Rock Lake real estate, first realize that you're not alone. Job loss, mounting medical bills and shaky investments are only a few factors that figure into the mortgage crisis many Americans are facing. The reason why doesn't matter as much as finding a solution to the problem. So let's examine foreclosure vs short sale so you can consider which alternative might be best for you.

What to Expect: Foreclosure vs Short Sale

A foreclosure is shown as a nonpayment and often stays on your credit report for minimum of seven years. During this time, it can difficult to find employment, qualify for new housing or even hold you back from raises in your current employment position. With a short sale, although it does go on your credit report, it doesn't stay there as long (2-3 years on average). Plus, since the loan has been repaid, even at a lower amount, there's more leniency when it comes to dealing with individuals like landlords and employers. Many times people feel the only option they have is to walk away from their Branson real estate. However, you may be in a situation where a short sale is possible and that's where an experienced short sale Realtor can help you most.

Looking for a Short Sale Realtor? 

I'm Charlie Gerken. When faced with money burdens, it takes a financial toll, as well as an emotional one on people. What you may not realize is there are real estate buyers specifically looking for short sale homes who might be able to take away that worry. It all comes down to having an experienced short sale Branson Realtor connecting you with the proper lending decision makers so a short sale can perhaps be a reality. There's no cost and no obligation to confidentially talk about your particular situation. Please find the help you need by contacting me today.


Property Averages

Averages based on current search criteria as of 09/30/2022 11:56 PM

Listings
4
Build Age
46Y
Sales Price
$92.9K
Beds
3
Baths
2
Listings
4
Build Age
46Y
Sales Price
$92.9K
Beds
3
Baths
2

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Displaying results 1-4 of 4
28 Photos 200 Allison Bend Lampe, MO 65681

200 Allison Bend
Lampe, MO 65681
Nauvoo Corners
Residential

MLS# 60222587 / Active
3 br, 2 ba, 1568 Sqft
Type: Mobile Home

This home is back on the market again. But again, no fault of the seller. You gotta check this on out!!! This is a rare find. A mobile home with ... 

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$139,900
37 Photos 430 Woodmist Road Galena, MO 65656

430 Woodmist Road
Galena, MO 65656
Eagle Woods
Residential

MLS# 60228973 / Active
3 br, 2 ba, 1462 Sqft
Type: Manufactured On Land

Three bedroom, 2 bath home with 1462 S.F. situated on 4.8 acres. SOld as is. All offers must have a pre qual letter or proof of funds if cash. All ... 

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$119,900
13 Photos 747 Crawley Way Forsyth, MO 65653

747 Crawley Way
Forsyth, MO 65653
N/a
Residential

MLS# 60221595 / Active
3 br, 1 ba, 1485 Sqft
Type: Single Family Residence

This 3 bedroom, one bathroom home is set on almost a half acre lot surrounded by mature trees, offering tons of privacy! Featuring lots of room for... 

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$61,750
Reduced -$3,250
9 Photos 2607 Cave Springs Galena, MO 65656

2607 Cave Springs
Galena, MO 65656
N/a
Residential

MLS# 60228132 / Active
3 br, 2 ba, 1650 Sqft
Type: Manufactured On Land

Looking for a quiet place in the country?Manufactured home on 1 acre m/l with nice large Shop with electricity and concrete flooring. Home offers 3... 

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$49,900

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