Posted on: 09th Jul, 2010 04:30 pm
if i do a short sale or a deed in lieu to avoid foreclosure, will that stop me from ever being able to buy another home??
Yes, you can and that is the purpose of the short sale. You can re-establish your credit. It wont show a foreclosure on it, it will say paid loan for less amount. You can get a loan for a house in a couple of years. You need to star working on your credit now.