short sale vs. foreclosureIf you are behind in your house payments and are worried about the after effects of the foreclosure on your ability to get into a rental home or an apartment, seriously think about a short sale vs. foreclosure. A short sale is where you get the bank to let you sell your home for its current market value instead of at a price that may be what you owe on it. People who qualify for the short sale have to owe more than the home is worth. The bank prefers the short sale vs. foreclosure because it costs them less to do a short sale than having to foreclosure on the home. That foreclosed home costs them money to carry on their books, so they may readily agree to a short sale if you approach them with the idea.

Using a Realtor who is seasoned in the short sale process can make the entire transaction go so much more easier for you. When you interview a possible Realtor, they will assure you that a short sale vs. foreclosure is the smart way to get out from under a home you can't afford or don't want to keep.