Short Sale Versus Foreclosure: Which Option Is Better For Me?

If you own a property and miss mortgage payments

, obviously, the choice is yours. Doing nothing may seem easier than taking action--at least in the short run. Unfortunately, by doing nothing, you give the bank no choice but to foreclose and in most cases you make things worse for yourself. No matter how bad things get, we owe it to ourselves and our families to do what's best for us and for them. Although none of the alternatives you have when you fall behind on your mortgage are ideal, some choices are clearly better than others. You will feel better if you exert some control over your own fate and do what you think will be best in the long run.

Short Sale Versus Foreclosure: Which Option Is Better For Me?

By: Gerald Lucas

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