The truth about how a short-sale affects your credit as compared to foreclosure from a 21-year mortgage broker, 17-year realtor, and advisor on consumer credit to a State Attorney General. Homeowners in distress: get the facts from federal non-profit HEADWAYAMERICA.ORG before deciding to walk away with nothing. There are other options that might serve you better including the HOMEOWNER RESTART PROGRAM available nationwide through HEADWAY AMERICA that helps you avoid foreclosure or short-sale! We can lower your payments by removing all your mortgage debt above home's market value (negative equity), plus provide you thousands in positive equity. Interest will be 6-7% with no mortgage insurance. Must have steady income, but credit not an issue for approval.
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