Short Sale VS Foreclosure
Don’t be a turkey, this one is really an easy fight. Short Sale VS Foreclosure shouldn’t even be a questions.
We decided to try to compare the options side by side for you.
Short Sale
Taking Action
- Debt Forgiveness (at least in every one of our deals)
- Negotiated Terms
- Home Sold At Market Value
- Selling the Home The Only Way Possible
- Live In Home For Extended Period If Needed
- Listed On Credit for 2 Years
- Potential 1099 – offset by losses
- Credit Can Be Repaired In 6 months
Foreclosure
Doing Nothing
- Debt Forgiveness (at least in every one of our deals)
- Dicated Terms
- Home Sold At Bottom of Market, Hurts Home Owners
- Home Is Taken From You
- Potential For Eviction
- Listed On Credit for 5 Years
- You can still get a 1099
- Total Credit Devastation
- Leaves Behind A Vacant Home
Jarvis Team Realty is the premeire short sale specialist team in Gwinnett County and greater Atlanta. Unlike other teams, we work short sales from start to finish with our own team, including an attorney, title specialist and negotiators (along with real estate agents).