This presentation outlines the differences between foreclosures and short sales and the consequences for homeowners.

2. Confusion is Rampant

3. Clearly Outline the Differences

4. 1. Exiting the Home
Public Notices vs. For Sale sign

5. 2. Length of Time
+/-11 months vs. +/-6 months

6. 3. Deficiency Judgement
Yes vs. No (maybe)

7. 4. Future Mortgage
Wait 7 years vs. Wait 2 years

8. 5. Credit Score & History
Negative Impact vs. Some Impact (maybe)

9. 6. Security Clearances
Negative Impact vs. Almost Never

10. 7. Employment
Possibly vs. Almost Never

11. 8. Paperwork
E DUE
OV R
Ignore mail vs. Stacks and stacks

12. 9. Tax Relief
Little impact (usually) vs. Forgiveness (for now)

13. 10. Neighborhood Impact

14. YOU ARE NOT AN
ATTORNEY OR
ACCOUNTANT