Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist here thank you for
joining us.
Bank of America Short Sale or Foreclosure –
which is better? Rarely is a foreclosure better than a Bank of America Short Sale. That’s the short
version.
When considering a Bank of America Short Sale vs. foreclosure
there are several circumstances that have to be considered.
First and foremost is
what state the property is located in. Every state has different laws revolving
around deficiency and if the bank can pursue you for the unpaid balance after
aforeclosure or not.
Secondly what is the
type of loan you have. Is it a true purchase money first mortgage only or do
you have a HELOC second or any other type of second for that matter.
Third is what profession
you are in. Will a foreclosure jeopardize a security clearance or other job
requirement?
There are times that
other than the hit to your credit that a foreclosure is not that big of
difference than a Bank of America Short Sale but generally I
would advise against it. To be safe, make sure you get a no obligation
consultation from a Bank of America Short Sale Specialist like
myself before doing anything
Is a West Sacramento Short Sale Right for Me? Give
me a call and let’s find out. We also offer a short sale lease back program for those who
qualify allowing you to short sale and stay in your home. Call me
for details
To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free
estimate or call me today for a free no obligation consultation or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did.
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