How Sellers Benefit From Short Sales 

Here are a few of the benefits of a short sale for distressed home sellers, and why they might want to consider it over foreclosure: 

• A short sale does way less damage to a homeowner’s credit report and credit score than a foreclosure. This means the homeowner will be in better shape to apply for a mortgage and buy a new home down the road. 
• Homeowners have the dignity of being able to sell their own home. This is no small thing. 
• A short sale enables homeowners to stay in the home until the sale is completed. A foreclosure forces homeowners to vacate. 

• While a seller typically pays all real estate agent commissions and other closing costs, in a short sale the seller pays nothing; the lender or bank foots the bill.