Short Sale vs Foreclosure, Why a Short Sale is Better

If you are considering a short sale instead of foreclosure, here are the top reasons why a short sale is better for you and your family.

1. Credit Score -After a short sale, a credit score will be damaged by as little as 50 points. In most cases only mortgage lates will be reported. Credit will start to improve in as little as 12-18 months.

2. Credit History – A foreclosure will remain on a credit report for 7 years or more.

3. Employment – A foreclosure can effect employment in particular sensitive positions and security clearances. On top of this, when applying for a new job, a foreclosure is one of the most detrimental credit items an applicant can have.

4. Buying another home – A seller who wants to buy another home after foreclosure will end up waiting about 24 to 72 months before a lender will offer any kind of interest rate that makes sense.  The good news is a short sale will allow the seller to obtain a loan for a new home within two years.

5. Avoid bankruptcy – A short sale may prevent bankruptcy, which could enable the homeowner to possibly re-purchase a home and secure a mortgage without the delay associated with a foreclosure

When making the final decision on whether a short sale is the better option, homeowners should consult with a professional short sale specialist.

If you are thinking, how can I sell my house fast?  Contact Done Deal Solutions today!  On the web at www.DoneDealSolutions.com or by phone at 602-956-2274

Buy my house fast! I need to sell

If you need someone to buy your house fast, where can you find them?  Do real estate agents have buyers lined up waiting to buy your house?  Will you have to make repairs and pay real estate agent commissions?  What if you don’t have enough money or equity for pay for fees and commissions?

Finding someone to buy your house fast can be challenging.   Often the best way to find a buyer is the internet.  Done Deal Solutions will buy my house fast!

There are many reasons why someone may need us to buy their house fast. Time are tough right now, so getting money from selling your house can be very helpful. Someone that have bought a new house and cannot afford two mortgages may need to sell their house quickly. If the seller is facing foreclosure and has a job transfer, they may need us to step in and buy the house within days.

What does a cash home buyer do for me?

We buy houses for cash. What does that mean to you? It means we can buy your house in days, not months. You don’t have to pay fees, or agent commissions. You don’t have to fix up your house or even clean it. We will buy your house in as-is condition, renovate, repair, and upgrade your house. The fact that we can buy your house fast is the biggest bonus. In a tough economy, the faster you can sell your house and get paid, the better. We will buy your house when you cannot afford to wait. Contact us now!