Doing a short sale to avoid foreclosure...?

Question

I know both are bad on credit, but is the short sale, a teeny bit better, at least? Also, house is not in my name, so my credit won't be affected... we can use mine in the future to buy a house when we are ready.

Answer 1

sell is better than a foreclosure for sure. The last reporting will not be of concern in 2 years. The foreclosed property will take 4 years to be a non factor

Answer 2

Short sale is better then a foreclosure.