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Short Sale and Foreclosure in Oregon

Prevent property foreclosure to maintain your credit rating

Once you are sure that it would be impossible to stop your property foreclosure you might as well think again. When you are in the pre foreclosure period the property is almost lost, you might as well save your credit rating and hence what you can do is go for a short sale before the property foreclosure actually happens.

Such an action would generate a good amount of cash for you and hence you would be able to pay off the debts and avoid foreclosure hence the credit ratings would also be maintained. Some might say that the house is still lost and that is true but you should not forget that the loss was inevitable, just by being proactive and avoiding property foreclosure you have maintained your credit reputation and as soon as you get back your finances in place you can start looking out for new home and if you want a loan for that you would receive enough help from realtors and lenders.