How Much Does a Foreclosure Really Cost You?

Financial Costs

  • Late fees and legal fees
  • Property maintenance
  • Possible deficiency judgment

Credit Damage

  • 150+ point drop
  • 7 years on your report
  • May affect jobs and rentals

Emotional Toll

  • Anxiety, loss of control
  • Embarrassment in the neighborhood
  • Strained family relationships

Selling before foreclosure helps avoid all of the above. You walk away with dignity and possibly some equity.