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 ...

(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 ...

LOS ANGELES — Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with ...

Click to share on Facebook (Opens in new window) Click to email a link to a friend (Opens in new window) Click to print (Opens in new window) Click to share on X (Opens in new window) A short sale is ...

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 ...

When a homeowner has gotten behind on their mortgage payments, they might do a short sale to avoid foreclosing on their home.