Why would people facing foreclosure say No to a short sale
I am just starting to pursue helping people facing foreclosure (in California) get out from under that "weight". Assuming they are unable to get a modification and unable to make up the missed payments and fines/fees they will benefit by:
1 Not being embarrassed by a foreclosure
2 Getting out from the debt of a property that has grossly
devalued (upside down)
3 Will have less impact (on their credit) than from a foreclosure
4 Won't need to worry about a deficency judgment
5 No out of pocket fees for selling the house.
What is the possible "upside" to not taking short sale?
Doug