My house is currently in foreclosure, NOD dated 10/09/12, no Trustee Sale Date yet. Real estate agent offered to short sale my house and indicated that shortsale does not have the same impact on my fico score versus foreclosure. I have BK7 discharged in 2010. What is my best foreclosure option? Deed in Lieu? Short Sale? Or let foreclosure process go through, walk away after Trustee Sale? Fico score already got hit after BK7 in 2010, will my fico score get hit again after shortsale or foreclosure? If I do a short sale or Deed In Lieu, should I have a Real Estate Lawyer review the contract to make sure that I don't incur hidden liabilities in the contract?
I am confused which way to go (shortsale vs deed in lieu vs foreclosure) and would highly appreciate your advice on this. Thanks.