Bankruptcy tends to stir up many emotions. Hate, anger, guilt and sadness, just to name a few. Now think about the last time you were really mad at a person. How did it make you feel? Did you forgive them straight away? Did your gut burn? Did you continue to obsess about how they did you wrong? Did you feel like there was a black cloud that followed you around?
With foreclosures skyrocketing, many people are looking for ways out of their mortgages. Short sales are often used to avoid foreclosure. They do avoid foreclosure. But do they really benefit you, the homeowner?
In many cases, they benefit others, and can leave you and your credit worse off than filing for bankruptcy.
Hereâ€™s the inside scoop on Short Sales.