What is the difference between a short sale and foreclosure?

So many times people ask why they should go through a short sale or just let the home go back to the bank...this video is a brief description about the differences between a short sale and foreclosure.  The credit ramifications, ability to purchase another home, and security clearances are all discussed in this video.



Did you know that a foreclosure is permanent public record?  You may not be able to purchase another home for at least 7 years...and security clearances could be in jeopardy after a foreclosure.  Watch the video and if you have questions call me today!



A short sale could save the future of your credit, eliminate your deficiency, and allow you to move on with your life with the ability to purchase again in a few short years.