Many people are placed in distressed sale situations. There are varying reasons why people end up in these situations but often time the results are the same. There are some important differences between short selling your home and going into foreclosure.

Following either a short sale or foreclosure many people wonder if they will be able to buy another home. The good news is that short selling your home or going into foreclosure does not prevent you from purchasing a home in the future. However there are some important things that you need to know.

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