Mark Lentz Real estate serving Tamarac FL
  1. Mark Lentz
  2. Complete Real Estate Options
  3. Guiding You Through The Real Estate Maze
  4. Office: 954.300.5633

What Is The Difference Between A Foreclosure And A Short Sale?


A “Foreclosure” is where the lender that holds a mortgage on your property who you stopped paying the agreed upon monthly installments files a “Lis Pendens” (lawsuit) against you to recover the principle balance, past due interest, and attorney fees they are owed.


A “Short Sale” is a sale where the lender has agreed to the sale of the collateral that you have put up to secure a loan for less than what the principle balance of the loan is. 


Understand, both will negatively affect your credit and both will affect the ability to purchase a property in the future; but not in the same way.


Complete Real Estate Options Staff can explain in detail the differences are between a Short Sale and a Foreclosure.



Back To The Short Sale Questions

< Last Question                                                                                       Next Question >


Yes! I'm ready to list my home with Complete Real Estate Options