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Why should I do a short sale when my credit is damaged anyway?
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It may be easy to NOT do a short sale when your credit is damaged but doing nothing can put you in a worst situation and your options will be limited as time goes by. Your credit history is an important factor in determining your standard of living. Your credit history must be protected and you still have options before the bank takes back the property.
At any time, for reasons beyond our control, any one of us can find ourselves over-burdened with debt. It can be hard to find a way out. But the real tragedy is when the problem is ignored and just gets worse. We're sorry to say we've seen it over and over again. Homeowners watch their homes head toward foreclosure, hoping the problem will get fixed "somehow". But a foreclosure happens faster than they realize, and their home is taken away and their credit is ruined. Sometimes homeowners are too embarrassed to seek help. Please don't fall into this trap. This is no time to procrastinate. The only way to solve this problem is to take control and do something about it now, before it's too late.
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