Define Real Estate Short Sale
For sellers, a real estate short sale is much preferable to a foreclosure in the area of credit impact especially if you are planning on buying a home again in the future. Other situations may warrant simply doing a ‘Deed in Lieu’ where homeowners hand the keys back to the bank or even allow the property to go into foreclosure. Of course you should always consult with your tax person or other financial advisers before deciding what to do.










