Both a foreclosure and a short sale will ruin your credit for many years. With a foreclosure, it's best to file a Chapter 7 bankruptcy to protect you from the lender. The lender has up to 10 years to come after you for the loan deficiency. For example, if you owed $200,00 on a mortgage, and it cost the lender $75,000 to re-sell your property, you could be liable for that $75,000 deficiency. On a short sale, the lender can still come after you, but the amount that is short can be issued to you on a 1099 as a "loan forgiveness" causing you to pay income tax on that money.
The pros for Alibaba are that it sold for big, looked good to read and good short term book. The cons of this book is that it is a Chinese company, it was similar to others and it was out of stock.
what are the pros and cons of being an architect
What are the pros and cons of a payday loan? the pros is you can get your loan quickly and do not need many credit, but the cons is that the interest is very high you should take attention to it
cons are: - legal issues
Pros basically means 'for, positive, good.' Cons basically means 'against, negative, bad.'
Deed in lieu of foreclosure is not nearly as devastating to your credit as is a full foreclosure. Below is an article about the pros and cons of deed in lieu.
pro= advantage con= disadvantage
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pros are + and cons are-
pros: goodness cons: badness
PROS CONS ----------------------------------------------------- Pros: Entertaining Cons: Mental conditions can be caused, Adicition, Expensive.
Cons? What Cons?
The pros for Alibaba are that it sold for big, looked good to read and good short term book. The cons of this book is that it is a Chinese company, it was similar to others and it was out of stock.
what are the pros and cons of being an architect
What are the pros and cons of transformational leadership?