Short Sales Vs Foreclosure in NJ: Which is Worse For My Credit? Most of you reading this will be more than familiar with the term foreclosure, simply because its being used more now in everyday language more than it ever has before in the history of the United States. We can thank the global economic crash of 2007/2008 for this, but just to clarify a foreclosure is when your bank or mortgage lender repossess your home for missing payments on it. A short sale is where youve agreed with your lender or mortgage company to sell your property for less than its worth to prevent them from having to foreclose on it in the first place. Rear more ... rudikhlaw/blog/short-sales-vs-foreclosure-nj-worse-credit/
Posted on: Mon, 12 May 2014 17:02:01 +0000
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