Often I'm asked by sellers experiencing financial harships & What is better: Foreclosure or Shortsale? Up until lately, I honestly didn't know; however, I recently received a document published by the Distressed Property Institute, LLC that explains the consequences for homeowners facing either a foreclosure or a short sale.

Foreclosure vs. Short Sale (PDF)(Can right click and click 'save target as' to save to your computer)

Both Foreclosure and Short Sales are serious financial issues. If you have any further questions or concerns you should contact your Attorney.