Foreclosure, Short Sale, Credit and Employment

Unfortunately some employers consider bad credit as a predictor of effectiveness and trustworthiness.

How Can A Short Sale Benefit You Vs. a Foreclosure?

Interviewers are asking candidates for authorization to contact the three major credit reporting bureaus. Candidates are worried bad credit will cost them their job.

Even though a short sale hurts the seller’s credit, there still are differences;

In a foreclosure, the owner LOSES their house.

The benefit of a short sale: In a short sale, the owner SELLS their house by developing a solution with the lender that is more beneficial to the lender than a foreclosure.

A Short Sale is a Reflection of the Seller’s Strength and Tenacity

A foreclosure could be interpreted as lack of trying in the face of adversity.

A short sale is a tribute to the seller’s initiative and perseverance in finding a win-win solution for all parties.

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