Is it better to foreclose or have a short sale, with the following info. included....?

Cat

New member
let a house foreclose or sell it in a short sale if you've already had two short sales and your credit is in the 500s already. From the standpoint of time, meaning having a place to live for a longer period of time, wouldn't a foreclosure take longer on average? Is there any benefit to a short sale over a foreclosure if your credit is already ruined?
 
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