Every homeowner in Pennsylvania should be educated on their options to avoid a foreclosure in Pennsylvania. Many options are available in Pennsylvania to distressed homeowners however; short sales are becoming increasingly popular due to its abilities to assist homeowners in Pennsylvania. Short sales offer cash back incentives in Pennsylvania, a credit score that suffers far less than one of a foreclosure in Pennsylvania and the assistance of a Pennsylvania short sale specialist at no cost.
Something each and every homeowner in Pennsylvania worries about is how their credit will be affected once a short sale all is said and done. The truth is, a short sale in Pennsylvania itself may drop your credit score by 50 points, however it will the delinquent mortgage payments in Pennsylvania that do the most damage; each missed payment ranging around 30 points. When you compare a short sales versus a foreclosure you will see that a foreclosure may lower your credit score by 300+ points and sit on your credit report for up to ten years. A short sale in Pennsylvania will typically recover within two years while usually displaying “paid as negotiated” or “settled in full” on your credit report. A foreclosure in Pennsylvania also has the potential to hold you back from a certain career path because it is not uncommon for employers to do a credit check before making a decision.
One of the greatest benefits of a short sale is having an experienced Pennsylvania short sale specialist assisting you throughout your short sale. The goal of a Pennsylvania short sale Realtor is to handle all negotiations on your behalf while working aggressively to get your home sold in Pennsylvania. A highly qualified Pennsylvania expert in short sales will be able to keep constant exceptional communication with all parties involved while offering their services to you, at no cost; your lender will typically pay all commission and closing costs. There is no reason to let your home in Pennsylvania go into foreclosure when you have options available and professionals who dedicate their lives to helping distressed homeowner
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