Selling versus Foreclosure

If you're several months behind in payments or have multiple mortgages on your property and attempts to secure funds to bring yourself current have been unsuccessful, selling may be your best option. Certainly, selling is a better option than foreclosure.

What you don't want to do is to pretend you've always got tomorrow and that things will somehow take care of itself. A foreclosure on your property will stick to your credit report for 10 years... maybe preventing you from securing a home that would be more affordable for your circumstances.

CMDI Logic can help you with the sale, bringing you up to date on all debts and in most cases can even provide some equity on the property.

For you, it's a fresh start and a clean credit report that will allow you to rebuild without a lot of obstacles in your way. It's a way to start at zero or a little bit ahead instead of starting in the negative.