Note: #1 YOU DO NOT WANT FORECLOSURE. It has a longterm effect on your credit. It will always show up on your credit reports and it will be many, many years before you can purchase a home again.
Note: #2 YOU have a very good option at hand..........BUT, if you do not talk with an agent who really knows what to do...you may not be able to avoid FORECLOSURE.
SHORT SALE is the possible solution that will only "ding" your credit for a short time. This is by far the best alternative. Are there consequences? Yes, but they are short term by comparison to Bankruptcy and/or Foreclosure.
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It is on an oversized lot and has over 2000 sq. ft....Very nice in a nice neighborhood. The subdivision has had more short sales than regular sales due to the declining market and buyers that bought with $0 down payments and could not continue to make payments later.
If you are in trouble and need information about a Tarrant County Short Sale.......Please contact me right away. I am available for consultation by appointment at no obligation. Call me to set a time. 817 920-7700/DiAnne Arnette Keller Williams Fort Worth