What is better to do a short sale or a foreclosure? How does it affect my credit? How do they differ from one another?
2 Answers from Attorneys
Much like the answer to the last question, it depends on many more facts we don't have. What is the agreement with the lender? How much is owed? What is the house worth? What is the balance left and has the lender agreed to waive it? What is your current score? What other debts do you have and are you paying them?
Which is better, and which is worse depends on facts we do not have. Sit down with a lawyer to share the numbers and details, and you may have OTHER better options.