If My Credit is Bad Why Should I Short Sale?

Posted by Shawn Bassett over 6 months ago

I have spoken with several people about short selling their home rather than foreclosing. The common response is why should they? They already have messed up credit how bad could it actually get. I don't know all the facts but I do know that a foreclosure on your record looks a lot worse than a short sale. However, is the damage worth the effort that you have to put in to get a short sale to happen?