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.
Averages based on current search criteria as of 10/08/2024 12:53 AM
Property Averages
544 Mark Twain Drive
Branson West, MO 65737
Mark Twain Hills
Residential
MLS# 60264003 / Active
WOW, reduced for you! Beautiful home that has been totally remodeled and updated. We are proud to offer this absolutley wonderful executive style h...
Reduced -$19,000
48 Galatians Lane
Reeds Spring, MO 65737
N/a
Residential
MLS# 60270949 / Active
Short Sale Opportunity with Stunning Lake Views in Stone County!Welcome to your perfect lake view home that is priced well below the appraised valu...
Reduced -$10,000
22389 Main Street
Reeds Spring, MO 65737
Bush Addition
Residential
MLS# 60261945 / Pending
Conveniently located in the center of Reeds Spring, this large home features 3 bedrooms on a split design with 2 bathrooms and 2 large living areas...
46 Bluejay Road
Blue Eye, MO 65611
Meadowview
Residential
MLS# 60266489 / Active
Manufactured home, 4 bedrooms, 2 bathrooms, living room, dining room. Lots of square footage for the $$.