Should you opt for a short sale or a foreclosure? As a homeowner faced with a difficult situation, there are pros and cons to each. Generally, a short sale will work more in your favor. As a homebuyer ...

A short sale is when a property is sold for less than the amount owed on the mortgage. Short sales aren’t as common as they were during the decade following the 2008 housing crash. That’s because with ...

Let’s face it: The housing market is tough right now. Home prices are high, interest rates are up, and many people are finding it harder than ever to afford the house of their dreams. It’s no wonder ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

HONOLULU (KHNL) -- Certified Appraiser on Maui, Moj Scheidler, is back with her weekly Island Style Real Estate report. Tuesday's topic is: "Real Estate Exit Strategy, The Short Sale." KRISTEN: So Moj ...

Q: Do I need an attorney to bid on or purchase a short sale real-estate condominium? A: In some parts of the country, using a real-estate attorney to close a residential purchase isn’t the norm. In ...

(Bloomberg News) Short sales of U.S. homes rose to a three-year high in the first quarter as banks agreed to let more borrowers unload property at a loss, putting the transactions on pace to surpass ...

Cash incentives are also being offered to the homeowners, as well as to the lenders and the buyers. Perhaps the best feature of the new legislation requires the lenders to advise the sellers exactly ...

A short sale will help you get out from under a mortgage, but also hurts your credit score. A short sale requires negotiations between you, your lender, and a buyer. If your mortgage balance exceeds ...

If you cannot pay your mortgage or move because you’re “underwater”—that is, in negative equity, where you owe more on the mortgage than your home is worth—you may head toward foreclosure. (This is ...