When a financial hardship leaves you facing a foreclosure, a short sale could be the solution. As long as you work with a real estate agent who is experienced in the process and can help you get the right deal, a short sale could give you the fresh start you need. If you’re behind on mortgage payments, here are some of the benefits of contacting a short sale real estate agent in Atlanta .

Protect Your Credit

If a lender forecloses on your home, the damage to your credit report can be significant. A short sale could potentially protect your credit score from the dramatic hit of full foreclosure. Although a lender can sue for the difference between what your home sells for during a short sale and the remaining balance on your loan, many times lenders don’t pursue that balance if the homeowner has demonstrated a true financial hardship. Provided that the lender doesn’t sue for the balance, your credit score will be shielded from the worst impacts of losing your home.

Save Money

Going through foreclosure can be an expensive process. You will have legal costs and other expenses associated with the foreclosure, all at a time when you’re already experiencing financial upheaval. A successful short sale will recoup a large amount of the money you owe the bank without the legal fees associated with foreclosure, so you can focus on recovering financially.

Reduce Confusion

Foreclosure is a confusing process for many homeowners. You will receive letters from a number of different parties, often with information that seems to be conflicting, and it is not always easy to know where to find answers. During a short sale, you will work with a real estate agent who knows the process and can help you navigate it. Real estate companies who work in short sales can negotiate with your lender on your behalf, so you can avoid the stress that comes with trying to make sense of real estate foreclosure proceedings.