You benefit by relieving yourself out of a financial predicament with a clean transaction and saving your credit score. Your property avoids foreclosure, thus helping you to save your credit rating. Allowing your home to be foreclosed may adversely affect your credit for up to 7 to 10 years.

 

 

 

The lender benefits by avoiding timely and costly foreclosure proceedings which could lead to an even more costly expensive ownership of real estate by the bank.

 

 

 

The buyer who purchases your property benefits by purchasing a solid property at a great price.