I know your credit score is jacked up either way but what is the biggest difference in the two? I heard a short sale supposedly impacts your credit less? Foreclosures take a long time to process and they can still come after you for repayment technically? I think they can do the same with short sales too as far as collecting the balance in some states? I have neighbors all around me that havent paid on their houses for over a year and still not eviction letter? Some have already saved up enough money for a down payment on a new house or condo? I am sure someone one GT has lived through a foreclosure and another has lived through a short sell?