What is the Difference Between a Deed in Lieu of Foreclosure and a Short Sale?

One of the worst feelings for a homeowner is the one they get when they struggle to make their mortgage payments. The idea of foreclosure can be stressful to think about. Thankfully homeowners have options other than foreclosure. Two such options are a deed in lieu of foreclosure and a short sale. Since most people don’t deal with these issues on a daily basis, they might not know what either of these options are, how they differ from each other, and which one is the best route to take given an individual’s particular circumstances.http://www.realestateresource.tv