For underwater homeowners, a short sale may be the best option available. When an individual owes more on a house than it is worth, a short sale allows that person to sell the house and give the proceeds to the lender to satisfy the debt. The remaining amount is then discharged and the two parties  … Read more

Selling your home via short sale is still an attractive option for some homeowners facing underwater mortgages and looking for a way out. A recent study showed that the average short sale results in $60,000 in debt forgiveness; for the struggling homeowner, that forgiven debt can be a godsend. There are more than a few  … Read more

Many people are all too familiar with the words “short sale” in today’s housing market. These properties have been a significant portion of all home sales since the bubble burst years ago, and that trend has continued even while the market is showing signs of beginning to recover. Still, it is always good to be  … Read more

There is an awful lot of information out there about short sales these days, and the overabundance of advice can get confusing. Essentially, a short sale involves convincing your lender to agree to a sale of your property that will not fully cover the amount you owe on the mortgage. But it gets complicated quickly.  … Read more

Those considering buying a short sale doubtless know about the appealing benefits. And it certainly is true that your dollar will go further in the purchase of a short sale home than it would otherwise. Still, there are practical considerations regarding these sales that every potential buyer would do well to inform themselves about, says  … Read more

Those faced with underwater mortgages may be looking for a way to avoid foreclosure; if so, you have probably heard about or considered the possibility of a short sale. Short sales have a distinct set of advantages, but are not the perfect way to avoid foreclosure by any means. Here are a few common misconceptions  … Read more

Traditionally, the words ‘short sale’ are music to a buyer’s ears; they mean the buyer will be getting a home at a great deal, and usually in a manner that benefits all parties involved, as the lender recoups losses on their defaulted loan and the process moves quickly through closing. However, surprising new research shows  … Read more

If you are behind on your mortgage payments or suffering from high mortgage debt, you may have been advised to offer your home for a short sale. Although a short sale has many benefits, it is not always the most advantageous solution for every homeowner. Here are some basics to help you decide; a foreclosure  … Read more

With so many Americans worrying about their underwater mortgage, it’s no wonder that there’s been an increased interest in short sales. However, with all of the mortgage debt relief options available, is a short sale truly the best idea? From mortgage modifications to loan modifications and credit negotiations, there are endless opportunities for homeowners to  … Read more

Each year, hundreds of thousands of homes are placed on foreclosure or short sale lists. With so many homes on the market, there’s an incredible win-win opportunity for both sellers and buyers to get the best deal possible on a home. However, while short sales are an excellent solution to alleviate or solve mortgage debt  … Read more