Las Vegas Short Sales Versus Foreclosure

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There are a lot of people who are wondering whether a short sale would be better than a foreclosure or vice versa. There are different factors that are proving these things, and both sides have their …

There are a lot of people who are wondering whether a short sale would be better than a foreclosure or vice versa. There are different factors that are proving these things, and both sides have their own stands as to why the other is better than the other.

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  • 1. LAS VEGAS SHORT SALES VERSUS FORECLOSURE Brought to you by: www.ToddMillerTV.com
  • 2. LAS VEGAS SHORT SALES VERSUS FORECLOSUREThere are a lot of people who are wonderingwhether a short sale would be better than aforeclosure or vice versa.There are different factors that are provingthese things, and both sides have their ownstands as to why the other is better than theother. www.ToddMillerTV.com
  • 3. LAS VEGAS SHORT SALES VERSUS FORECLOSUREAs we go through this article, we will bediscussing some of the things that you needto know about short sales and foreclosures.If you want to find out which option would bebetter for you, then you need to read thisarticle. www.ToddMillerTV.com
  • 4. LAS VEGAS SHORT SALES VERSUS FORECLOSUREBefore we move on, let me disclosesomething for you; I am in favor of shortsales, because I believe that you will getbetter benefits from it.But claiming something without proof wont doany good, so here are some of the reasonswhy I think short sales are better thanforeclosure. www.ToddMillerTV.com
  • 5. LAS VEGAS SHORT SALES VERSUS FORECLOSURELegal IssuesThe main reason why a lot of people hateforeclosure is because the process can bevery time-consuming and expensive.Even lenders hate the idea of doingforeclosure because it will take a lot of time. www.ToddMillerTV.com
  • 6. LAS VEGAS SHORT SALES VERSUS FORECLOSURESo before getting foreclosed, lenders canhave you sued and force you to pay for theproperty before it gets foreclosed.On the other hand, if you are going to enter ashort sale, you will be saved from thisproblem, and most lenders will forgive you. www.ToddMillerTV.com
  • 7. LAS VEGAS SHORT SALES VERSUS FORECLOSUREIf you will get into a short sale, you will beable to pay some of your debt, and suing youcould cost more than what you owe to yourlender.So make sure that you are going to make awise decision before you get into aforeclosure. www.ToddMillerTV.com
  • 8. LAS VEGAS SHORT SALES VERSUS FORECLOSURECredit RatingBoth short sales and foreclosures could havea negative impact on your credit rating.This refers to your capability to pay for yourloan, and having low credit rating will make ithard for you to take a loan in the future. www.ToddMillerTV.com
  • 9. LAS VEGAS SHORT SALES VERSUS FORECLOSUREThe worst thing that could happen to you isthat you wont be hired in some companies.There are companies that will check yourcredit history before they hire you, and if theyfound out that you have a low credit rating,your chances of landing on a job will be less. www.ToddMillerTV.com
  • 10. LAS VEGAS SHORT SALES VERSUS FORECLOSUREIf you are going to get into foreclosure, theusual credit rating drop will be 200points, which would take about 5 years torecover. With short sales, you will also getcredit rating drop, but it will only be around 80points, which would take about a year or twoto recover.Both options have a negative impact on yourrecord, but the end results have greatdifferences. www.ToddMillerTV.com
  • 11. LAS VEGAS SHORT SALES VERSUS FORECLOSURETax BreaksAnother reason why short sales are betterthan foreclosure is because you will be freefrom your remaining taxes if you do shortsales.Unlike foreclosure, wherein your taxes wouldremain the same, filing short sales will freeyou from your previous tax duties. www.ToddMillerTV.com
  • 12. LAS VEGAS SHORT SALES VERSUS FORECLOSUREIf you would like to learn more about LasVegas short sales, then all you have to do isto visit our website www.ToddMillerTV.comnow!I can provide you with all the information thatyou need to know, and you can be assuredthat you will always get accurate and updatedinformation about Las Vegas short sales. www.ToddMillerTV.com
  • 13. LAS VEGAS SHORT SALES VERSUS FORECLOSURE Brought to you by: www.ToddMillerTV.com