A short sale is generally better than foreclosure because at the completion of the short sale the judgment, which is a result of a foreclosure, is eliminated or removed so on your record or your credit history, your credit record, whatever you want to call it, you don’t have a judgment in place.
If you go forward with a foreclosure and there’s a foreclosure sale, at the auction the judgment stays in place, the judgment stays on your credit record and credit history as opposed to the short sale that when the short sale is completed if there is a judgment the lender will move to vacate and remove that judgment.
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Law Office of Ray Garcia, P.A.
Our mission is to provide our clients with legal services that not only meet their needs but exceed their expectations. We approach all practice areas with care, knowledge, experience, and determination. Trusted In South Florida For Decades.
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Law Office of Ray Garcia, P.A.
Our mission is to provide our clients with legal services that not only meet their needs but exceed their expectations. We approach all practice areas with care, knowledge, experience, and determination. Trusted In South Florida For Decades.
Latest posts by Law Office of Ray Garcia, P.A. (see all)
- Are You Doing Enough to Protect Your Intellectual Property Online? - September 16, 2024
