What circumstances would qualify a home foreclosure over a Short sale?

ChrisM asked: What would qualify a home foreclosure to be better than a quick sale?
I have a home with little to no equity: if I short sale I would be required to pay back the difference to the bank. Would It be better for me to just let the house foreclose?

What exactly is a finance charge, and under what circumstances will I need to pay one?

X-Malleus asked: Pretty much exactly what the main question says. I have no idea what a finance charge is. For instance, would I be charged a finance charge if I charged a purchase, and then paid the balance immediately?

Any additional information that could be given would be great, as I’m [...]

How does a person who has gone bankrupt get an apartment or a loan?

I was wondering this because(no i am not going bankrupt) it seems that good credit is vital to obtain anything, even a place to live. i think it’s ridiculous. people who have gone bankrupt need a place to live to, and a car to drive. How do they get an apartment in thier circumstances? and [...]

What would happen if the US govt went bankrupt? How would that affect the typical American?

I’m an American very concerned about this. What would happen to me should the govt go bankrupt?

Is bankruptcy possible under current circumstances?By: Yukidaruma1278About the Author:

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