Now this is in no way accurate advice for everyone going through a foreclosure, but for those that are, consider a short sale. A short sale is when a lender agrees to accepting less than the amount stipulated on your lease agreement. Basically the current leaseholder is going to move out and if a short sale occurs then the leaseholder gets to avoid a costly foreclosure. You will get to avoid a hit to your credit, and if you’re current on your mortgage payments, you may be able to qualify for a new loan. But, if not, RDS Real Estate is there with commercial property to rent in the DFW area such as Dallas, Fort Worth and Arlington. Contact us to find out more about obtaining a lease agreement after a short sale or foreclosure.
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