What is the difference to the borrower between a Short Sale  and a Foreclosure?

A short sale relieves the stress of being in foreclosure and being hounded by the mortgage lender; and it allows homeowners to get rid of their big mortgage payment and move on with their lives. A short sale allows the foreclosure to be stopped and get a fresh start. The primary benefit to homeowners is they are tremendously thankful to just relieve the burden that their home and mortgage have become.

A short sale also prevents additional damage to your credit. Having some late payments and a foreclosure filed has already done damage to your credit. However, a completed foreclosure will do much more damage and lower your credit score tremendously. A short sale results in the mortgage actually being paid off, which reflects positively compared to a foreclosure.

At Northwest Loss Mitigation Services, we can help you with this process and benefit you in the transaction.

Not sure if we can help? Call us, to ask us questions about our services, we would be happy to hear from you and see if we can help.

Contact Us today, we are happy to help