Cash offers and short sales both exit a distressed property. Here's how they differ on credit, time, and certainty.
A short sale typically reports as 'settled for less than owed' and impacts credit similarly to a foreclosure (though usually less severely). A cash sale at full payoff doesn't damage credit at all. If your equity covers the payoff, cash is the cleaner path.
Generally no — by definition, a short sale means the lender is accepting less than owed, so there's no equity to distribute. Some NC programs offer modest relocation assistance, but expect $0 in proceeds.
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